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Just HODL! Bitcoin and Ethereum outperform 'lower risk' crypto index funds


Market Analysis
In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. 
Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), Solana (SOL), Chainlink (LINK), Polygon (MATIC), Stellar (XLM) and Uniswap (UNI).
The ability to access multiple top projects through one weighted average market cap index sounds like a great way to spread out risk and gain exposure to a wider range of assets, but do these products offer investors a better return in terms of profit and protection against volatility when compared to the top-ranking cryptocurrencies? ....

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Bitwise's new crypto index fund trades roughly $14 million shares on its first day


Dec 10, 2020 13:17 GMTCrypto News
Bitwise has listed its cryptocurrency fund on the OTC market.
Over 465,000 shares were sold during the first trading day.
Bitwise Asset Management listed its crypto index fund Bitwise 10 Crypto on the over-the-counter (OTC) market OTCQX. Over 14 million shares were sold on the first trading day.
A successful start for BITW
The fund has about $120 million in assets under management. It is available under ticker BITW, allowing investors to trade them through traditional brokerage accounts. The listing was approved by the Financial Industry Regulatory Authority (FINRA).
The cryptocurrency data provider Skew reports that over 465,000 shares worth over $14 million were traded during the first day, reflecting an enormous demand for the product from institutional investors. As FXStreet previously reported, Fidelity recently launched crypto-backed loans to satisfy the growing needs of large investors. ....

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