GDLC - Bitcoin roundup: Bitwise crypto fund available in U.S. Dalio warms China rumor helps hit price

The Bitwise 10 Crypto Index Fund is now available for trade over-the-counter under the symbol "BITW." It will begin with about $120M in AUM. The management fee is 2.5%.The Bitwise 10 Large Cap Crypto Index is what's being tracked. As of Nov. 30, about 75% was in Bitcoin (BTC-USD), 13% in Ether (ETH-USD), and the remaining 12% in Ripple (XRP-USD), Litecoin (LTC-USD), Chainlink (LINK-USD), Tezos (XTZ-USD), and other cryptos. Year-to-date, the fund is higher by 184%, outperforming a position in Bitcoin alone.The Bitwise fund will be in competition with the Grayscale Digital Large Cap Fund (GDLC), which opened for trade about a year ago, and now has roughly $170M in AUM. It has a 3% management fee. Bitwise notes the Grayscale product is technically not an index fund, as it doesn't track an index, but instead holds a basket of five cryptos.Holding a Reddit free-for-all yesterday, Ray Dalio sounded a

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Bitcoin roundup: Bitwise crypto fund available in U.S., Dalio warms, China rumor helps hit price