Bitwise Index Services, a wholly owned subsidiary of Bitwise Asset Management, has announced the launch of three new indices, covering medium and small market segments, as well as the total market volume. In addition, the company renamed the HOLD 10 index in the 10 Large Cap Crypto Index.
New index funds of the crypto-currency market from Bitwise
Bitwise launches three new index funds. The launch and rebranding of HOLD 10 means that there are now four options available for investors to choose from: 10 Large Cap Crypto Index (ticker: BITX); Mid Cap Crypto Index (ticker: BITW20); 70 Small Cap Crypto Index (ticker: BITW70); and 100 Total Market Crypto Index (ticker: BITW100).
Crypto-currency indices are available in the entire established financial trading ecosystem, including through Bloomberg, Reuters , Factset and other data aggregators. In addition, the company also announced the creation of API access and free benchmarking for hedge funds.
Innovative methods of market valuation
“Our indices are built from scratch to better understand the situation on the crypto-currency market ,” said Matt Ugan, head of global research at the company.
“The methodology is based on the advanced principles associated with the modern indexation of stocks, bonds, commodities and fiat currencies, and combines them with the factors of the crypto-currency market. We believe that these indices are the best indicators of the crypto-active investment market in the world. “
Bitwise also announces the creation of an advisory board, which includes: Shrikant Dash, former head of the indexing department of Bloomberg, managing director and global head of research at Standard & Poor; Spencer Bogart, Partner and Head of Research at Blockchain Capital; and Matt Ugan, head of research at Bitwise and former CEO of ETF com and Inside ETF.
“One of the features of Bitwise is the ability of the firm to combine a deep, specific experience in the crypto currency industry with knowledge of managing institutional assets and indexing ,” Bogart said.
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