LPL Financial Approves Bitwise 10 Crypto Index Fund on Its Platform

[ad_1]

SAN FRANCISCO – (BUSINESS WIRE) – Bitwise Asset Management, the world’s largest cryptocurrency index fund manager, today announced that the Bitwise 10 Crypto Index Fund (OTCQX: BITW) has been approved for solicited trades and unsolicited on LPL Financials brokerage and advisory platforms. The fund was made available to advisers affiliated with the LPLs on June 28, 2021.

The Bitwise 10 Crypto Index Fund provides a way for advisers to access diversified exposure to the cryptocurrency asset class for their clients. The fund seeks to track a market capitalization weighted index of the 10 largest crypto assets, including bitcoin, ethereum, ethereum competitors and DeFi assets. All assets are screened for material risk factors before being made eligible for inclusion in the index. The index is rebalanced monthly to stay up to date with the market.

The fund is managed by Bitwise Asset Management, a specialist crypto-asset manager founded in 2017 with more than $ 1.2 billion in assets under management.1

The Bitwise 10 Crypto Index Fund makes it easier for advisers to allocate to the cryptocurrency market as a whole without having to choose specific tokens or constantly monitor the rapid changes happening in the industry, said Mick. McLaughlin, Managing Director and Head of Distribution at Bitwise. Asset Management. Our nationwide distribution team is ready to help advisors navigate this space and, if appropriate, assess whether and how to integrate crypto into client portfolios.

We created Bitwise specifically to serve financial advisors, with products, training and field distribution support, added Hunter Horsley, CEO of Bitwise. We now serve hundreds of RIA companies across the country and are delighted that BITW is now available to LPL’s 17,000 Affiliate Financial Advisors. We admire LPL’s forward thinking mindset towards space.

Bitwise’s research team provides in-depth and ongoing analysis of the crypto market that is designed to help advisors understand, assess, and, where appropriate, allocate to the rapidly emerging space. In January, Bitwise CIO Matt Hougan and Research Director David Lawant wrote the CFA Research Institute’s first crypto research thesis, titled Cryptoassets: The Guide to Bitcoin, Blockchain, and Cryptocurrency for Investment Professionals.

Over 250 financial advisory firms use Bitwise research, educational tools, investment products and support services to manage investments on behalf of their clients. To learn more about Bitwise 10 Crypto Index Fund and Bitwise, please visit www.bitwiseinvestments.com or contact your local distribution team representative.

About Bitwise Asset Management

San Francisco-based Bitwise is one of the world’s largest and fastest growing crypto-asset managers. In the first quarter of 2021, Bitwise managed more than $ 1.2 billion through a growing suite of investment solutions. The company is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning bitcoin, ethereum, DeFi, and crypto-focused stock indices. Bitwise is focused on partnering with financial advisors and investment professionals to provide quality education and research. The Bitwise team combines technological expertise with decades of experience in managing and indexing traditional assets, from companies such as BlackRock, Blackstone, Facebook and Google, as well as the United States Attorney’s Office. . Bitwise is backed by leading institutional investors and asset management executives, and has been featured in Institutional Investor, CNBC, Barrons, Bloomberg and The Wall Street Journal.

DISCLOSURE OF RISKS AND IMPORTANT INFORMATION

Investing involves risks, including the possible loss of capital. There is no guarantee or assurance that the methodology used by Bitwise or any of the Bitwise investment products will result in a Bitwise investment product achieving positive returns on investment or outperforming other investment products. . There is no guarantee or assurance that an investor’s investment objectives will be achieved through an investment in any Bitwise investment product, and an investor may lose money. Investors in any Bitwise investment product should be prepared to accept a high degree of price volatility for that investment product and the possibility of large losses. An investment in a Bitwise investment product involves a substantial degree of risk.

For some Bitwise investment products, Bitwise is the index provider. There is no guarantee or assurance that the methodology used to create the Index will allow funds that track this Index to achieve positive investment returns or outperform other investment products. Indices are unmanaged and do not include the effect of fees. You cannot invest directly in an index.

Some of Bitwise’s investment products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Because cryptoassets are a new technological innovation with a limited history, they are a highly speculative asset. Future actions or regulatory policies may limit the ability to sell, trade, or use a cryptoasset. The price of a crypto-asset can be impacted by the transactions of a small number of holders of that crypto-asset. Cryptoassets can lose popularity, acceptance, or use, which can decrease their price.

Some of Bitwise’s investment products are available to accredited institutional and individual investors through periodic and ongoing private placements. Since there is currently no repurchase program for certain products traded on a secondary market, there can be no assurance that the value of the shares of such products will reflect the value of the assets held by such products, less expenses and other liabilities. and shares of these proceeds can trade at a substantial premium or a substantial discount to the value of assets held, less expenses and other liabilities.

The opinions expressed here are intended to provide insight or education and are not intended as individual investment advice. We make no representation that this information is accurate and complete, and it should not be relied upon as such.

Diversification may not protect against market risk. Diversification does not guarantee a profit or protect against a loss in a declining market.

__________________________ 1 As of March 31, 2021.

[ad_2]