2024-07-30 07:16:50 ET
Summary
- New cryptocurrency ETFs have been successful this year, but there is still a gap for diversified crypto mix ETFs.
- Bitwise 10 Crypto Index Fund ETF tracks the 10 most highly valued cryptocurrencies but is heavily weighted towards Bitcoin and Ethereum.
- Despite a discount to NAV, high expenses and a lack of actual diversification make the BITW fund less competitive in the crypto ETF space.
This year has been fruitful in terms of new cryptocurrency ETFs. However, there's still a niche that remains free: exchange-traded funds representing a diversified mix of cryptocurrencies. Bitwise 10 Crypto Index Fund ETF (BITW), incepted way back in 2017, is an attempt to address the lack of such funds....
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For further details see:
BITW: Great Concept, But Holdings Structure Could Be Much Better