In this issue, we discuss:
For most of its existence, crypto has faced existential or nearly existential threats.
Over the years, those threats have slowly been removed. The last such threat — that the U.S. government would regulate crypto to death — may have died last week on the floor of the U.S. Senate.
Facing a significant regulatory threat, the crypto industry found its political voice … and it was much stronger than anyone imagined.
The implications — for crypto’s future, for portfolio construction, and for institutional adoption — are significant.
Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers, offering both index and active strategies across a wide array of investment vehicles. The firm is known for creating the world’s largest crypto index fund (OTCQX: BITW), a suite of crypto-focused equity and futures ETFs, and investment products that span Bitcoin, Ethereum, DeFi, and NFTs. Bitwise focuses on partnering with financial advisors and investment professionals to provide quality education and research. The team at Bitwise combines expertise in technology with decades of experience in traditional asset management and indexing, coming from firms including BlackRock, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.