Crypto now has its own S&P 500 index fund equivalent 👀
The NYSE-listed $BITW ETF from @BitwiseInvest provides spot exposure to the top-10 crypto assets, weighted by market capitalization, rebalanced once a month
It’s my personal belief that, as the industry matures, most investors will allocate capital to crypto via passive index funds
These products eliminate decision fatigue, provide diversified market exposure, outperform active funds, and feature lower management fees
Over $1 trillion of net-new capital flows into passive index funds per year in the traditional markets, it is the definition of a systemic bid
Something to keep an eye on
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