Institutional Investors Still Interested? Bitwise Releases Bitcoin and Ethereum Funds
The creator of the world’s first cryptocurrency index fund has launched two liquid beta funds holding bitcoin and ether exclusively to address market demand. The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are available in two share classes, Institutional Shares and Investor Shares.
Bitwise Funds Open to Minimum Investment of $25,000 for Retail Investors and $1 Million for Institutionals
Bitwise Asset Management has broadened its fund family with the two new strategies which join the Bitwise 10 Private Index Fund. The Bitcoin and Ethereum funds are being promoted as a low cost alternative to current existing options which charge exit fees and other expenses.
Hunter Horsley, chief executive officer of Bitwise Asset Management, believes the 68 percent drawdown in bitcoin prices this year has given investors a unique opportunity to enter the market at very low prices.
“Though an ETF has not yet been approved, investors and advisors like the fund format because it’s…
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