Bitwise Looks to Retail Market for Its Crypto Index Fund
Bitwise is hoping to draw a retail market for its Bitwise 10 Index Fund, which it intends to list on a regulated alternative trading system later this year.
Cryptocurrency-focused money manager sees inflows from hedge funds, financial advisors and family wealth-management offices.
Record fiscal stimulus has pushed wealthy investors to invest in Bitwise's bitcoin fund as a means to hedge against inflation.
Latest rally extends bitcoin's lead over U.S. stocks in 2020 returns, potentially setting up a self-reinforcing trend as more investors take notice.
Bitwise suggests Bitcoin could be looking at territory well north of the previous $20,000 all-time high.
Bitwise found that bitcoin acts as a useful counterweight to a traditional portfolio if managed in the right way.