Bitwise Launches New Crypto Indexes and Advisory Board

Bitwise Index Services, a subsidiary of Bitwise Asset Management, creator of the world’s first cryptocurrency index fund, announced the launch of three additional indexes that cover the midcap, small-cap, and total-market segments of the cryptoasset market. Bitwise also announced the renaming of the HOLD 10 Index, which represents the performance of the cryptocurrency market by tracking a basket of the ten most highly valued coins.

The Bitwise Crypto Index family now features:

  • Bitwise 10 Large Cap Crypto Index (ticker: BITX)
  • Bitwise 20 Mid Cap Crypto Index (ticker: BITW20)
  • Bitwise 70 Small Cap Crypto Index (ticker: BITW70)
  • Bitwise 100 Total Market Crypto Index (ticker: BITW100)

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The Bitwise Crypto indexes capture the investable cryptoasset market as measured and weighted by free-float and five-year inflation-adjusted market capitalization. The index methodology features rules that mitigate risks surrounding liquidity, security, exchange concentration, regulatory status, and more, and aim to fully capture the investable cryptomarket opportunity.

Bitwise performs extensive research on more than 250 cryptoassets in the course of building its indexes and consolidates pricing on thousands of individual crypto pairs representing 99.9% of all eligible cryptoasset volume.

“Our indexes are built from the ground up to respond specifically to the cryptomarket,” said Matt Hougan, Global Head of Research at Bitwise. “The methodology draws on best practices from the modern indexing of equities, bonds, commodities, and fiat currencies, and pairs them with crypto-native factors to ensure the indexes are safe and replicable. We believe they are the best representation of the investable cryptoasset market in the world.”

In conjunction with the launch, Bitwise also announced it was changing the name of the industry’s leading benchmark from the Bitwise HOLD 10 Index to the Bitwise 10 Large Cap Crypto Index.