Overview
Bitwise Asset Management, the world’s largest crypto index fund manager with over $1.3 billion in assets under management (AUM), has introduced the Bitwise 10 ex Bitcoin Crypto Index Fund. This groundbreaking fund is the first to offer concentrated exposure to major cryptocurrencies excluding bitcoin, catering to investors seeking diversified crypto market participation.
Why Diversify Beyond Bitcoin?
- Market Shift: Bitcoin’s dominance dropped from 69% to 42% in 2021 as assets like Ethereum, Cardano, and Solana gained traction.
- Utility Focus: The fund targets cryptocurrencies powering decentralized finance (DeFi), smart contracts, and NFTs, reflecting their growing ecosystem roles.
Fund Composition
The Bitwise 10 ex Bitcoin Fund mirrors the holdings of its flagship Bitwise 10 Crypto Index Fund (excluding bitcoin), featuring:
| Cryptocurrency | Weighting (August 2021) |
|----------------|------------------------|
| Ethereum (ETH) | 68.53% |
| Cardano (ADA) | 15.43% |
| Solana (SOL) | 5.49% |
| Bitcoin Cash (BCH) | 2.09% |
| Others (LINK, LTC, UNI, MATIC, XLM) | <2% each |
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Key Features
- Custody: Assets secured via Coinbase Custody Trust.
Share Classes:
- Investor Shares: $25K minimum, 2.5% fee.
- Institutional Shares: $1M minimum, 2.0% fee.
- Index Methodology: Transparent, market-cap-weighted, with rigorous asset screening.
Investor Insights
“Professional investors increasingly seek exposure beyond bitcoin,” notes Matt Hougan, Bitwise’s CIO. “This fund meets that demand with a managed, large-cap solution.”
Risks & Considerations
- Volatility: Cryptoassets are highly speculative.
- Regulatory Uncertainty: Future policies may impact liquidity or utility.
- Accredited Investors Only: Private placement available solely to eligible investors.
FAQs
1. Why exclude bitcoin?
To provide focused access to other high-growth cryptoassets diversifying portfolios.
2. How is the fund weighted?
By market capitalization, ensuring proportionate representation of top assets.
3. What’s the minimum investment?
$25,000 for Investor Shares; $1M for Institutional Shares.
👉 Learn about crypto index funds
About Bitwise
Bitwise is a leader in crypto index funds, serving advisors, institutions, and high-net-worth individuals. With a team of 90+ professionals, it combines asset management expertise with deep crypto market knowledge.
For accredited investors only. Past performance ≠ future results. Consult a financial advisor before investing.
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