• Latest
Bitwise Launches DeFi Crypto Index Fund

Bitwise Launches DeFi Crypto Index Fund

February 17, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ethereum

Bitwise Launches DeFi Crypto Index Fund

coinnewsdaily by coinnewsdaily
February 17, 2021
in Ethereum
0
Bitwise Launches DeFi Crypto Index Fund
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022

Bitwise Asset Management on Wednesday launched a decentralized finance (DeFi) index fund, hoping to capture deep-pocketed investors’ bets on the corner of the crypto markets challenging traditional financial rails.

At launch, the fund’s top holdings include tokens backing an Ethereum-based lending protocol and a decentralized exchange – AAVE, and UNI – which each carry an initial weighting of around 25%. Lending protocol token MKR and derivatives protocol token SNX come in around 10%.

Indeed, Ethereum-based tokens comprise all 10 of the Bitwise DeFi Crypto Index Fund’s positions at launch. Ethereum remains the dominant chain for DeFi with $39 billion in total value locked up, according to DeFi Pulse, despite sky-high transaction fees that can cost users $30 a pop.

For comparison, DeFi protocols had around $1.2 billion in total value locked up around one year ago. Aave alone has over $5 billion locked up now, per DeFi Pulse.

“You’re seeing the initial flicker of a new technology that could significantly disrupt a lot of what traditional Wall Street makes money on, making it more efficient, more open, more accessible and more functional. And we’re at the early stages of that,” Bitwise CIO Matt Hougan told CoinDesk.

The fund’s long-ethereum-based protocol weighting is a function of the Ethereum blockchain’s dominance in the DeFi space, Hougan said.

The fund, which also includes COMP, UMA, YFI, ZRX and LRC, is the first such offering for accredited investors, according to Hougan. Its assets will be securely stored by California-headquartered Anchorage.

According to Hougan, the fund will be guided by Bitwise’s public methodology, as well as a five-member advisory council representing a broad swath of venture funds active in DeFi.

Hougan declined to comment on the fund’s current subscription base, but said it launches with seed funding ready.

Credit: Source link

Tags: CaliforniaCIODeFi protocolsderivatives protocolEthereumfinance
Share76Tweet47
Previous Post

Coinbase, Readying for Public Listing, Gets $77B Valuation From Nasdaq Private Market

Next Post

Bitcoin Explodes In the direction of $52,000 as Gold Kinds Bearish Loss of life Cross

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum
Alt Coin

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
Load More
Next Post
Bitcoin Explodes In the direction of $52,000 as Gold Kinds Bearish Loss of life Cross

Bitcoin Explodes In the direction of $52,000 as Gold Kinds Bearish Loss of life Cross

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$22,866.00-0.62%
  • ethereumEthereum(ETH)$1,625.65-0.50%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$326.26-0.37%
  • rippleXRP(XRP)$0.393587-1.86%
  • cardanoCardano(ADA)$0.385291-2.95%
  • dogecoinDogecoin(DOGE)$0.090575-2.04%
  • matic-networkPolygon(MATIC)$1.220.52%
  • okbOKB(OKB)$44.14-1.34%
  • solanaSolana(SOL)$22.97-2.49%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.37%
  • polkadotPolkadot(DOT)$6.58-1.91%
  • litecoinLitecoin(LTC)$96.780.43%
  • tronTRON(TRX)$0.063750-0.57%
  • daiDai(DAI)$1.00-0.01%
  • cosmosCosmos Hub(ATOM)$14.24-2.31%
  • chainlinkChainlink(LINK)$6.91-1.23%
  • leo-tokenLEO Token(LEO)$3.36-5.77%
  • ethereum-classicEthereum Classic(ETC)$22.26-2.63%
  • moneroMonero(XMR)$165.56-0.36%
  • bitcoin-cashBitcoin Cash(BCH)$132.26-1.50%
  • stellarStellar(XLM)$0.089705-1.66%
  • crypto-com-chainCronos(CRO)$0.080172-2.01%
  • filecoinFilecoin(FIL)$5.20-2.41%
  • algorandAlgorand(ALGO)$0.255385-1.89%
  • vechainVeChain(VET)$0.024025-1.21%
  • internet-computerInternet Computer(ICP)$5.50-2.86%
  • aaveAave(AAVE)$85.39-1.20%
  • eosEOS(EOS)$1.07-2.25%
  • elrond-erd-2MultiversX(EGLD)$44.29-3.02%
  • theta-tokenTheta Network(THETA)$1.08-1.96%
  • tezosTezos(XTZ)$1.15-2.63%
  • paxos-standardPax Dollar(USDP)$1.00-0.12%
  • huobi-tokenHuobi(HT)$5.51-1.51%
  • havvenSynthetix Network(SNX)$2.839.45%
  • bitcoin-cash-svBitcoin SV(BSV)$42.56-4.12%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.471.02%
  • dashDash(DASH)$62.904.51%
  • iotaIOTA(MIOTA)$0.240396-4.17%
  • makerMaker(MKR)$700.72-0.19%
  • neoNEO(NEO)$8.75-0.79%
  • zcashZcash(ZEC)$43.86-1.01%
  • zilliqaZilliqa(ZIL)$0.029058-0.03%
  • basic-attention-tokenBasic Attention(BAT)$0.275434-5.38%
  • nemNEM(XEM)$0.041008-0.15%
  • compound-governance-tokenCompound(COMP)$52.47-0.40%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$35.27-2.72%
  • bitcoin-goldBitcoin Gold(BTG)$17.08-0.88%
  • qtumQtum(QTUM)$2.82-0.52%
  • sushiSushi(SUSHI)$1.450.11%
  • wavesWaves(WAVES)$2.67-0.45%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.250393-5.65%
  • yearn-financeyearn.finance(YFI)$7,536.19-1.57%
  • omisegoOMG Network(OMG)$1.65-3.79%
  • ontologyOntology(ONT)$0.230749-1.47%
  • digibyteDigiByte(DGB)$0.0106910.26%
  • umaUMA(UMA)$2.100.69%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%