RATE Group | Bitwise Launches Bitcoin, Ethereum Beta Funds to ‘Capitalize’ on Market Downturn
51987
wp-singular,post-template-default,single,single-post,postid-51987,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitwise Launches Bitcoin, Ethereum Beta Funds to ‘Capitalize’ on Market Downturn

08 Dec Bitwise Launches Bitcoin, Ethereum Beta Funds to ‘Capitalize’ on Market Downturn

Posted at 15:17h in Ethereum News by

[ad_1]

Digital asset manager Bitwise has launched two new beta funds for Bitcoin (BTC) and Ethereum (ETH), according to a press release Dec. 5.

The launch of the new products reportedly aims to provide a “low-cost” and “liquid” means of capturing returns on both high-profile assets, currently trading 81 and 92 percent respectively below their all-time highs.

As per the press release, the funds will not charge premiums, exit fees, impose lockups, nor charge extra expenses “outside the stated management fee.” Investors’ holdings will reportedly be kept in cold storage wallets held by an unnamed “institutional third-party custodian,” and Bitwise says it will provide clients with K-1 tax documents each year.

Matt Hougan, global head of research for Bitwise, has contextualized the launch of the new funds as being driven by “significant inbound demand” spurred by part “positive developments on the horizon.” These, he outlined, include “the forthcoming “launch of the…

[ad_2]

Source link