Bitwise Launches Altcoin-Heavy Crypto Index Fund.
10 Sep 2021, 08:00
Bitwise Launches Altcoin-Heavy Crypto Index Fund
Bitwise Asset Management just launched a new index fund which caters to investors specifically interested in altcoins.
The San Francisco-based firm’s new “Ex Bitcoin” offering includes popular cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Bitcoin Cash (BCH), among others.
BTC’s total market capitalization of crypto has fallen from 69% to 41% in the past year while other tokens, such as ETH, have seen their share of the cap increase by nearly 75%, according to TradingView.
Chief investment officer Matt Hougan explains,