Bitwise Asset Management, the world’s largest crypto indexing asset manager, has launched two new funds (AUM).
These two new strategies, like the Bitwise DeFi Crypto Index Fund, aim to make decentralized finance (DeFi) more accessible to traders.
In addition to professional investors, financial counselors and hedge fund managers are increasingly seeking exposure to the rapidly expanding DeFi markets. The world’s leading decentralized exchange and decentralized lending protocols, respectively, are Uniswap and Aave.
In fact, the world’s first Uniswap and Aave investment funds are part of Bitwise’s aim to make crypto more accessible.
Moreover, Uniswap tokens, the world’s most decentralized crypto exchange, will invest directly in this fund. Uniswap’s P2P exchange technology is ideal for businesses of all sizes (such as Coinbase). Uniswap processed over $60 billion in trades in June 2021, a 6,000% annual increase.
AAVE, the native token of the Aave protocol, is an upmarket decentralized and non-custodial loan and lending network. Aave’s platform’s peer-to-peer lending surged from $93.7 million in July 2020 to $6.92 billion in July 2021, more than 70 times the annual growth seen by traditional lenders.
The Bitwise 10 Crypto Index Fund (OTCQX: BITW) is the world’s first and largest crypto index fund, designed to ease access to the full range of crypto opportunities. The UNI and AAVE funds will join the Bitwise DeFi Crypto Index Fund as the first DeFi index fund in a conventional fund style in February 2021.
The group now works with RIAs, financial advisors, high net worth individuals, multifamily offices, hedge funds, and other investment firms.
With billions of dollars in crypto-assets, truly Anchorage Digital Bank, N.A., is the new assets’ custodian.
What is Bitwise Asset Management?
Hence, Bitwise, headquartered in San Francisco, is among the most prominent and quickest crypto-asset operators. Also, Bitwise handled approximately $1 billion throughout an expanding portfolio of investment choices as of July 26, 2021.
The company recognizes for its bitcoin, Ethereum, DeFi, and crypto-focused stocks indexes (OTCQX: BITW). Bitwise commits to collaborating with financial managers and investing experts in providing high-quality education and research. The Bitwise team includes technological skills with decades of experience in conventional investment management and index.
Members hail from organizations such as BlackRock, Facebook, Blackstone, and Google, including the United States. Thus, AG’s Office Bitwise has been featured in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.