Crypto market rebound

BITW allows investors to hold a single basket of ten crypto assets “ranked by market capitalization, screened for risk, and rebalanced monthly.” Plus, there is no cap on the size of the largest holding.

What this means is that if BTC becomes the only crypto asset worth anything, while every other token goes to zero… BITW will contain 100% BTC. But if there are 9 other successful tokens, including some that are brand new or haven’t even launched yet, BITW will ultimately hold them as well. In a sense, it allows investors to participate in the crypto market without being an “expert.” (Bitwise CIO makes a case for this here)

While we have suggested the Coinbase 50 as another great way to play the market, it is only available on Coinbase. BITW is ready to be traded right in your brokerage account. Read more →

One week after approving spot crypto trading on CFTC-registered exchanges, the CFTC just launched a pilot program that – for the first time – lets US futures brokers accept a short list of crypto (BTC, ETH, USDC) as margin collateral on regulated derivatives markets. The CFTC also scrapped a 2020 advisory that essentially had limited the operational use of digital assets as collateral. Crypto and fintech firms quickly welcomed the decision, saying the changes offer long-awaited regulatory certainty. Read more →

What started as a slow morning in the crypto markets has taken a quick turn, with bitcoin re-taking $94,000 after hovering under $90,000. Other tokens are also up, like ETH and SOL up 8% and 6% respectively. What happened? Hard to say. Maybe it’s the expected rate cut tomorrow.

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