Bitwise Asset Management has added Curve (CRV) and Ren (REN) to the Bitwise Decentralized Finance Crypto Index Fund, replacing Synthetix (SNX) and UMA (UMA).
- The Bitwise DeFi Crypto Index Fund allows investors and financial advisors to gain diversified exposure to the fast-growing DeFi sector.
- The DeFi Crypto Index holds a portfolio of 10 digital assets powering DeFi services and tracks the total return of these 10 crypto assets. Holdings are screened for important risks, weighted by market capitalization, and rebalanced monthly.
- The new assets were added as part of Bitwise’s July 30, 2021 reconstitution and accounted for over 5 percent share of the total portfolio.
After the latest reconstitution, the Bitwise Decentralized Finance Crypto Index now hold the following digital assets: 31.35% Uniswap (UNI), 20.44% Aave (AAVE), 14.20% Maker (MKR), 10.68% Compound (COMP), 5.68% Yearn.Finance (YFI), 5.29% SushiSwap (SUSHI), 4.08% Bancor (BNT), 3.17% 0x (ZRX), 3.09% Curve (CRV), and 2.03% Ren (REN).
Bitwise Asset Management Product Portfolio
Bitwise is one of the largest and fastest-growing digital asset managers. As of July 26, 2021, Bitwise managed over US$1 billion across its various investment solutions.
Bitwise Asset Management currently manages the largest crypto index fund in the world (BITW) and the first DeFi index fund in the world.
Bitwise Asset Management Funds Include:
- Bitwise 10 Crypto Index Fund (ticker: BITW)
- Bitwise DeFi Crypto Index Fund
- Bitwise Bitcoin Fund
- Bitwise Ethereum Fund
- The Bitwise 10 Index Offshore Fund
- Bitwise Crypto Industry Innovators ETF (NYSE: BITQ)
No Changes In Holdings Of BITW and BITQ
Bitwise reported that there were no changes to the constituents of the Bitwise 10 Large Cap Crypto Index as a result of the July 30, 2021 reconstitution.
The Bitwise 10 Large Cap Crypto Index currently hold the following constituents: 66.55% Bitcoin (BTC), 24.74% Ether (ETH), 3.66% Cardano (ADA), 0.89% Bitcoin Cash (BCH), 0.85% Chainlink (LINK), 0.84% Litecoin (LTC), 0.77% Solana (SOL), 0.59% Polygon (MATIC), 0.57% Stellar (XLM), and 0.55% Uniswap (UNI).
The Bitwise Crypto Industry Innovators ETF (NYSE: BITQ) which hold 30 digital assets reconstitutes quarterly. There were no changes to the constituents as of July 30, 2021.
As of July 30, 2021 BITQ top ten holdings were: 13.04% MicroStrategy (MSTR), 10.44% Coinbase Global Inc. (COIN), 9.16% Silvergate Capital (SI), 5.16% Marathon Digital Holdings (MARA), 5.14% Riot Blockchain (RIOT), 4.78% Hive Blockchain Tech (HIVE CN), 4.27% Argo Blockchain (ARB LN), 4.16% Galaxy Digital Holdings (GLXY CN), 3.85% Bitfarms (BITF CN), and 3.63% Hut 8 Mining (HUT TO).
