The world’s first cryptocurrency index fund, Bitwise HOLD 10, has far outperformed the cryptocurrency markets at large. As the SEC hesitates in approving bitcoin ETFs, Bitwise Asset Management has been outpacing bitcoin since its inception in San Francisco three months ago.
Most people don’t have the time to do adequate due diligence on which cryptocurrency exchange to trust, which coins to buy, how to store crypto investments securely, how to allocate and rebalance a cryptocurrency portfolio, and how to prepare reporting to the IRS. Bitwise does all of those things for its clients for a 2.5% annual management fee.
Bitwise counts among its 500+ clients individuals, family trusts, wealth managers, investment managers, and institutional investors. Minimum Investment is $10,000. The Bitwise HOLD 10 fund holds the top 10 cryptocurrencies weighted by 5-year diluted market cap and rebalanced monthly. Assets are purchased from multiple liquidity providers and audited annually.
The Bitwise HOLD 10 fund uses state-of-the-art security procedures to protect assets. The custodian, Kingdom Trust, puts all underlying coins in an institutional-grade 100% cold storage vault air-gapped from the internet.
To beat cryptocurrency markets, the Bitwise HOLD 10 index exploits lack of correlations among cryptocurrencies. Cryptocurrency prices tend to have much less synchronicity during periods of trader bullishness, whereas they move in tandem during bearish behavior.
According to Bitwise CEO Hunter Horsley, “Many large cryptoassets don’t move in the same direction at the same time historically.” As an example, Horsley points to Dash’s price that has a 1% correlation with that of bitcoin, while Ethereum has a 38% correlation, and NEO has a 20%.
Learn more about Bitwise’s strategies and tactics for beating the cryptocurrency markets at large at https://www.bitwiseinvestments.com.
By: BGN Editorial Staff