Blockchain, bitcoin and other cryptoassets suffered a difficult 2018, with some assets down 80% of more. But as 2019 approaches, and firms like Fidelity and the NYSE’s parent company launch major crypto platforms, could the tide be turning?
On the upcoming webcast, The Outlook for Crypto in 2019 (And What Financial Advisors Are Doing About It), Matt Hougan, Global Head of Research at Bitwise Asset Management, will examine the state of the cryptocurrency universe, unveil data from their new survey on financial advisor attitudes towards crypto, and examine the outlook for crypto and blockchain in 2019.
Bitwise Asset Management, the creator of the world’s first cryptocurrency index fund, recently launched two new low-cost, liquid beta funds, holding bitcoin and ethereum exclusively.
The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the broad-market Bitwise 10 Private Index Fund. The launch of the funds is driven by inbound client interest and investor dissatisfaction with existing options, many of which carry premiums, charge exit fees, have lockups, and/or charge expenses to the fund outside the stated management fee.