RATE Group | Bitwise Launches Best-in-Class Beta Funds for Bitcoin and Ethereum To Capitalize On Mark…
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Bitwise Launches Best-in-Class Beta Funds for Bitcoin and Ethereum To Capitalize On Mark…

05 Dec Bitwise Launches Best-in-Class Beta Funds for Bitcoin and Ethereum To Capitalize On Mark…

Posted at 19:07h in Ethereum News by

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SAN FRANCISCO, Dec. 5, 2018 /PRNewswire/ — Bitwise Asset Management, creator of the world’s first cryptocurrency index fund, today announced the launch of two new low-cost, liquid beta funds, holding bitcoin and ether exclusively. The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the broad-market Bitwise 10 Private Index Fund.

The launch of the funds is driven by inbound client interest and investor dissatisfaction with existing options, many of which carry premiums, charge exit fees, have lockups, and/or charge expenses to the fund outside the stated management fee.

“The 68% drawdown in bitcoin prices this year has given investors a unique opportunity to enter the market at prices many thought we’d never see again,” said Hunter Horsley, Bitwise CEO. “Though an ETF has not yet been approved, investors and advisors like the fund format because it’s professionally managed and simplifies…

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