Timely Insights

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

San Francisco • July 20, 2021 UTC

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).

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About Bitwise

Bitwise Asset Management is the largest crypto index fund manager in America. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. For six years, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, and hedge fund strategies. Bitwise is known for providing unparalleled client support through expert research and commentary, its nationwide client team of crypto specialists, and its deep access to the crypto ecosystem. The Bitwise team of more than 60 professionals combines expertise in technology and asset management with backgrounds including BlackRock, Millennium, ETF.com, Meta, Google, and the U.S. Attorney’s Office. Bitwise is backed by leading institutional investors and has been profiled in Institutional Investor, Barron’s, Bloomberg, and The Wall Street Journal. It has offices in San Francisco and New York. For more information, visit www.bitwiseinvestments.com.

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