Timely Insights

Feel the Burn — Why Ethereum is the Crypto Asset of the Summer

San Francisco • July 20, 2021

In this issue, we discuss:

  • A technological upgrade to the Ethereum blockchain — currently scheduled for August 4 — will fundamentally transform Ethereum, both as an investment and a technology.

  • Following the upgrade, called EIP-1599, anyone wanting to use the Ethereum blockchain will have to “burn” a small amount of ETH to do so.

  • This will transform ETH into a true consumable commodity: The more demand to use the Ethereum blockchain, the more ETH will be consumed. It will also make Ethereum significantly more user-friendly as a technology.

  • This is one of the biggest stories in crypto this year and, we believe, underappreciated by the media (which has barely covered it).


About Bitwise

Based in San Francisco, Bitwise is one of the largest and fastest-growing crypto asset managers. As of year-end 2021, Bitwise managed $1.3 billion across an expanding suite of investment solutions. The firm is known for managing the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi, and crypto-focused equity indexes. 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.

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