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Kunden der Bank of America können jetzt Bitcoin-Futures handeln

admin, · Kategorien: Bitcoin

Bitcoin Handel bank of america

Kunden der Bank of America können jetzt Bitcoin-Futures handeln
Die Bank of America (BoA), eine der größten Banken in den Vereinigten Staaten, erlaubt ihren Kunden nun den Handel mit Bitcoin-Futures. Dies ist eine der ersten Institutionen in den Vereinigten Staaten, die es den Anlegern ermöglicht, Zugang zum Handel mit Bitcoin-Futures zu erhalten. Die Informationen wurden von CoinDesk veröffentlicht, die Zugang zu Menschen mit Wissen über die Angelegenheit hatte.

Bank of America beginnt mit dem Angebot von Bitcoin-Futures-Handel

Großkunden und Investoren werden nun in der Lage sein, Bitcoin-Futures zu handeln und Zugang zum Kryptowährungsmarkt durch die Bank of America zu erhalten. Ausgewählte Kunden von Crypto Superstar werden die Möglichkeit haben, sich am Krypto-Handel zu beteiligen. Dies kommt nach mehreren Jahren eines konservativen Ansatzes des Finanzinstituts.

Es ist auch erwähnenswert, dass dies nur eine der neuesten Banken und Finanzunternehmen ist, die sich entschieden haben, Kryptowährungshandelsfutures für Benutzer anzubieten. In der Vergangenheit haben andere Firmen verschiedene Handelsprodukte herausgebracht, darunter auch Futures-Handel für Bitcoin. Goldman Sachs ist eine dieser Institutionen, die kryptobezogene Lösungen anbieten.

Die Entscheidung kommt zu einem Zeitpunkt auf dem Kryptowährungsmarkt, wo das Bitcoin-Handelsvolumen auf den niedrigsten Stand seit Monaten gefallen ist und wo sein Preis jetzt in der Nähe von $31.000 liegt, nachdem er Anfang dieses Jahres ein Allzeithoch von $63.000 erreicht hatte.

Obwohl der neue Handelsservice für Investoren nützlich sein könnte, ist das Interesse der Nutzer am Handel mit Bitcoin-Futures vielleicht nicht so groß. Trotzdem ist es sicherlich eine sehr positive Sache für den Kryptowährungsmarkt. Die zweitgrößte Investmentbank in den Vereinigten Staaten erlaubt nun ausgewählten Kunden den Handel mit Bitcoin-Futures.

Dies ist definitiv bullish für die gesamte Branche, die nun eine neue Möglichkeit hat, Zugang zum Kryptowährungsmarkt durch Futures zu erhalten. Dies kommt, nachdem Morgan Stanley beschlossen hat, Investoren Zugang zu BTC zu bieten. Wie von CoinDesk berichtet, nutzen einige Kunden der Bank of America bereits die neuen Handelsdienste, während andere beginnen, ihre Konten einzurichten.

Unternehmen und Finanzinstitute aus der ganzen Welt passen sich an die neuen Anfragen von Investoren und Kunden an. Der Markt für Kryptowährungen ist sehr schnell gewachsen und konnte schon vor Monaten ein massiv hohes Volumen erreichen. Bitcoin und viele andere Kryptowährungen zogen die Aufmerksamkeit mehrerer Investoren auf sich, die nun Zugang zu Bitcoin und Krypto-Handelslösungen erhalten möchten.

Bitcoin (BTC) Aproxima-se de $60.000 – Será que vai se desdobrar?

admin, · Kategorien: Bitcoin

O preço do bitcoin (BTC) tem aumentado desde que saltou em 25 de março. Atualmente, está se aproximando do nível de 60.000 dólares.

Embora se espere que o bitcoin atinja um novo patamar, é provável que um recuo a curto prazo ocorra antes da quebra final.

BTC Próximo ao máximo de todos os tempos

A BTC vem aumentando desde que saltou em 25 de março. Desde então, atingiu um máximo de US$ 59.800 em 31 de março.

Atualmente, o preço está sendo negociado dentro da área de resistência de $59.500. Este é o nível 0,786 de retração de fibras da queda anterior.

Os indicadores técnicos estão em alta. O MACD deu um sinal de inversão de alta e o RSI ultrapassou os 50. Embora o oscilador estocástico ainda não tenha feito uma cruz em alta, está muito próximo de fazê-lo.

Será que vai se manifestar?

O gráfico de seis horas mostra que a área de $59.500 é também um nível de resistência horizontal. Tanto o MACD quanto o RSI estão em alta. Portanto, uma eventual quebra desta área é esperada.

O nível de suporte horizontal mais próximo é encontrado em 57.000 dólares. O gráfico de duas horas mostra os primeiros sinais de fraqueza.

O MACD gerou uma tripla divergência em baixa. Além disso, o RSI gerou alguma divergência de baixa, embora ainda não confirmada.

Um retracement poderia depender do valor exato do topo. Entretanto, se o topo local for atingido perto de $60.000, o primeiro nível de suporte de Fibra seria encontrado em $56.500.

Contagem de Ondas

Uma contagem de ondas de curto prazo (altamente especulativa) sugere que a BTC está se aproximando do topo de um impulso de alta.

Embora esta ainda seja provavelmente uma sub onda menor a longo prazo, espera-se que o BTC corrija em breve.

Uma meta potencial para o topo deste movimento é encontrada entre $60.000-$61.000.

Conclusão

Espera-se que a bitcoin atinja em breve um novo preço sempre alto. Entretanto, um retrocesso a curto prazo poderia ser provável antes do último movimento ascendente.

White-collar criminal and prison escapee hired as finance chief

admin, · Kategorien: Bitcoin

Cred platform: white-collar criminal and prison escapee hired as finance chief

Insolvent cryptocurrency lending platform Cred Inc is said to have unwittingly appointed an escaped prison inmate as its chief financial officer.

Examiner Robert Stark of Brown Rudnick LLP filed a report on 8 March alleging that former Cred CFO James Alexander was identified by UK authorities as a financial fugitive. He was reportedly One Bitcoin a Day sentenced to more than three years in prison in December 2007. Stark commented:

„At the time of his incarceration, there was a prison break at this facility. Mr Alexander was recognised as a fugitive by the British government.“

Stark was selected by Judge John Dorsey in December to investigate allegations by Cred clients. It said the firm allegedly lost $66 million in less than two years through fraud and incompetence.

The report said Cred’s accounting and compliance practices were „unsystematic, chaotic and in some cases non-existent“. It found a lack of standardised reporting and tracking processes and a blatant commingling of client and company funds.

„Up to the time Cred filed for insolvency, it had not conducted a comprehensive financial reconciliation of accounts for almost a year,“ he said. He added:

„Cred appears to have more than met its marketing objectives. But the most basic business functions were missed, leading to its ultimate demise.“

Alexander has been at the centre of Cred’s insolvency proceedings since they were filed in November

The company’s lawyers accuse him of trying to take over its subsidiary Cred Capital. Alexander allegedly transferred US$4.3 million of the firm’s cryptocurrency to accounts under his control. He allegedly lost a further US$11.5 million in digital assets through fraud.

The defendant moved to dismiss Cred Capital’s bankruptcy petition, claiming he was the company’s director and the only person who could authorise the petition. The motion was dismissed earlier this month.

Last month, Alexander’s lawyers withdrew the case, claiming the defendant was improperly holding crypto assets that he was repeatedly ordered to hand over to the authorities.

Valor de mercado do Bitcoin ultrapassará 100 trilhões de dólares

admin, · Kategorien: tecnologia

Valor de mercado do Bitcoin ultrapassará 100 trilhões de dólares, diz o CEO da MicroStrategy

O CEO da MicroStrategy, Michael Saylor, revelou que o valor de mercado do bitcoin ultrapassará 100 trilhões de dólares no futuro, e que a moeda criptográfica se tornará uma „influência estabilizadora“ para o sistema financeiro global. Falando na „Squawk Box“ da CNBC, Saylor disse que há um planeta monetário de 500 trilhões de dólares lá Bitcoin Era fora, com a camada externa sendo moeda, seguida por ações, bens imóveis e 10 trilhões de dólares em ouro, bem como 1 trilhão de dólares em bitcoin.

O bitcoin, disse ele, logo ultrapassará a capitalização do mercado de ouro. Ele acrescentou:

Em seguida, ele vai subsumir a dívida soberana de rendimento negativo e outros índices monetários até crescer para $100 trilhões de dólares. Quando chegar a US$ 10 trilhões, sua volatilidade será dramaticamente menor.

Ele acrescentou que à medida que o BTC subir para $100 trilhões, as taxas de crescimento e volatilidade cairão, já que o bitcoin se tornará „uma influência estabilizadora em todo o sistema financeiro do século 21“. Os comentários de Saylor vieram em meio a um mergulho de criptografia no mercado que viu o preço do bitcoin cair 20% de uma nova alta de US$ 58.000 para menos de US$ 50.000.

Saylor revelou que, além das participações significativas da MicroStrategy no BTC, ele próprio investiu na moeda principal da criptocracia. Os comentários de Saylor vieram um dia depois que a Secretária do Tesouro Janet Yellen disse que estava preocupada com o uso do bitcoin em „finanças ilícitas“ e alegou que ele é um „ativo altamente especulativo“.

Saylor acrescentou que podemos esperar

Segundo o CEO da MicroStrategy, a demanda por bitcoin vai aumentar nos próximos anos, não apenas por parte das instituições, mas também por parte dos investidores de varejo. Saylor acrescentou que podemos esperar ver „um bilhão de pessoas armazenando seu valor, em essência, uma conta poupança, em um dispositivo móvel dentro de cinco anos e eles vão querer usar algo como bitcoin“.

„#bitcoin é um banco no ciberespaço“, diz @michael_saylor. pic.twitter.com/l6tdm3J2Ly
– Squawk Box (@SquawkCNBC) 23 de fevereiro de 2021

A MicroStrategy concluiu na semana passada uma segunda oferta de dívida conversível em uma licitação para usar o lucro líquido para comprar mais bitcoin, após concluir uma primeira venda de dívida em dezembro na qual levantou US$650 milhões. Estima-se que a MicroStrategy tenha investido $1,145 bilhões para comprar 71.079 BTC, que agora valem mais de $3,3 bilhões.

Le istituzioni sono entusiaste che stiate vendendo, suggerisce OKCoin COO

admin, · Kategorien: Bitcoin

Cosa sta succedendo con i recenti movimenti di prezzo di Ether e Bitcoin?

Un certo numero di aziende mainstream hanno raccolto enormi quantità di Bitcoin (BTC) dall’estate 2020. Nel frattempo, l’asset ha superato il record del 2017, raggiungendo quasi i 20.000 dollari, e recentemente ha raggiunto i 34.000 dollari, prima di tornare a 27.700 dollari. Il calo, tuttavia, ha creato una seria pressione di acquisto, secondo il direttore operativo della OKCoin, Jason Lau.

„Durante il fine settimana, mentre i prezzi Bitcoin hanno raggiunto nuovi massimi di tutti i tempi vicino ai 34.000 dollari, i mercati hanno toccato nuovi livelli di resistenza“, ha detto Lau al Cointelegraph. „Sia il tetto totale del mercato cripto che il dominio dei bitcoin hanno raggiunto i massimi del 2017, rispettivamente a circa 800 miliardi di dollari e il 73%“, ha osservato, aggiungendo:

„Le prese di profitto si sono verificate intorno a questi livelli, con il risultato di alcuni scambi laterali, e causando a molti un eccesso di leva finanziaria sui futures. Abbiamo visto 1,4 miliardi di dollari in BTC e 500 milioni di dollari in ETH futures liquidati nelle ultime 24 ore, con un conseguente netto calo al livello di 29.500 dollari per Bitcoin. Tuttavia, questi ribassi sono stati acquistati piuttosto rapidamente, rafforzando la narrazione che ci sono offerte sottostanti da parte di istituzioni desiderose di accedere a Bitcoin“.

L’anno scorso ha dato il via a un trend di grandi attori mainstream – tra cui MicroStrategy, MassMutual e Paul Tudor Jones – che hanno stanziato ingenti somme di capitale a favore di Bitcoin. Il pubblico può ringraziare questo assorbimento istituzionale per il recente rally di Bitcoin, secondo i commenti di crypto bull e del CEO di Galaxy Digital Mike Novogratz.

„Inoltre, abbiamo visto una rotazione fuori BTC durante questo periodo, mentre i trader hanno ruotato le attività da BTC in alts per ottenere rendimenti più elevati“, ha spiegato Lau della recente azione di prezzo della Bitcoin. „Questo è evidente come l’Ethereum ha guadagnato il 13% sul bitcoin nelle ultime 24 ore, mentre il dominio del bitcoin è sceso al 69%“.

L’Etereum (ETH) ha recentemente superato i 1.000 dollari come parte di una considerevole mossa che ha superato il Bitcoin nel breve termine.

Finnland versteigert beschlagnahmte Bitcoins inmitten einer BTC-Preisrallye

admin, · Kategorien: Bitcoin

Die finnische Zollbehörde plant den Verkauf von 1.981 beschlagnahmten Bitcoins im Zusammenhang mit Drogenermittlungen im Jahr 2016.

Der Plan der finnischen Zollbehörde

Die finnische Zollbehörde hat ihren Plan enthüllt, 1.981 Bitcoins im Wert von fast $76 Millionen zu versteigern, die bei der Verhaftung eines finnischen Drogenhändlers im Jahr 2016 beschlagnahmt wurden. Die Beamten der finnischen Zollbehörde planen, die jüngste Preisrallye in BTC zu nutzen.

Laut einem Bericht des finnischen Rundfunksenders Yle plante das Land ursprünglich, die erbeuteten Bitcoins im Jahr 2018 zu verkaufen, ließ den Plan aber aufgrund von Bedenken bezüglich des Geldumlaufs fallen. Dieses Jahr plant die Behörde, die beschlagnahmten Bitcoins so schnell wie möglich zu verkaufen.

Pekka Pylkkänen, ein Beamter der finnischen Zollbehörde, hat den Prozess erklärt, durch den die Beamten planen, die erbeuteten Bitcoins zu verkaufen. „Die Zollbehörde kann die beschlagnahmte Kryptowährung entweder selbst verkaufen oder sie beauftragt einen Vermittler damit. Die Bitcoins werden so schnell wie möglich verkauft, praktisch in den kommenden Monaten. Ich persönlich glaube nicht, dass es Sinn macht, das weiter zu erklären. Das wird sich durch Warten nicht mehr ändern“, sagte Pylkkänen.

Regierungen auf der ganzen Welt ergreifen strenge Maßnahmen gegen die illegale Nutzung von Kryptowährungen. Im November 2020 gaben die US-Behörden bekannt, dass die Regierung Bitcoins im Wert von fast 1 Milliarde Dollar beschlagnahmt hat, die mit dem Darknet-Markt Silk Road in Verbindung stehen.

Bitcoins-Auktion

Pylkkänen skizzierte die Risiken, die mit der Zirkulation von Kryptogeld in den kriminellen Markt verbunden sind, erwähnte aber, dass die Abteilung keine andere Wahl hat, als die Bitcoins zu verkaufen. „Der Zoll ist zu dem Schluss gekommen, dass er auf der Grundlage des Zollgesetzes keine andere Wahl hat, als die Gelder zu verkaufen. Auf der Grundlage des Zollgesetzes hatten wir die Möglichkeit, sie an eine andere Regierungsbehörde oder jemand anderen zu übergeben und sie zu vernichten. Wir kamen zu dem Schluss, dass andere Alternativen als der Verkauf nicht realistisch sind“, so Pylkkänen.

Die jüngste Entscheidung der finnischen Zollbeamten kam, nachdem der Preis von Bitcoin 40.000 Dollar überschritten hatte. Der Gesamtwert der beschlagnahmten Bitcoins liegt nun bei rund 76 Millionen Dollar, ein deutlicher Sprung von einem Wert von nur 800.000 Dollar zum Zeitpunkt der Beschlagnahmung.

Bitcoin breaks new price record at Christmas and approaches $ 25,000

admin, · Kategorien: Bitcoin

On Christmas Day Bitcoin breaks price record

On Christmas Day, cryptomaniac enthusiasts received a gift, the Bitcoin shot up 6% and was traded for $24,600, the highest value the digital asset has ever achieved in its history.

In Brazil, the asset is close to R$130,000, and is now traded at the main Bitcoin Trader brokers for R$ 127,601, also a record amount.

Bitcoin R$ 127,000 Christmas
Bitcoin R$ 127 thousand Christmas

Digital currency has been increasing in value since mid-October, after several institutional investors decided to bet on the asset as a store of value. The largest amount was acquired by MicroStrategy and the Grayscale Bitcoin Trust.

The CEO of CoinOne shared on Twitter how Bitcoin has performed over the past 10 years.

Figures show that the price has gradually increased since 2010, with the digital currency trading at just $0.25 on the first Christmas. The following Christmas the currency appreciated 16 times more, from $0.25 to $4. Between Christmas 2012 and 2013, Bitcoin went from $13 to $682.

However, the price fell almost in half between 2013 and 2014: from $ 682 to $ 319. Between 2017 and 2018 Bitcoin showed its biggest fall at Christmas: from $14,026 to $3,815.

Bitcoin price on Christmas days
2010: $0.25
2011: $4
2012: $13
2013: $682
2014: $319
2015: $455
2016: $896
2017: $14,026
2018: $3,815
2019: $7,275
2020: $23,652
On this Christmas day in 2020, therefore, Bitcoin has not only valued but achieved its greatest value in history. The high driven by institutional investors remains very strong and does not look like it will end any time soon.

As is common in this kind of scenario, the Bitcoin bullishness has caused the entire cryptomoeda market to appreciate together, with the main altcoins having double-digit highs. The currency with the highest valuation is the Ripple (XRP), which saw hope after the SEC announced a new director for cryptomoins.

In recent hours many altcoins have seen highs above 10 percent: WAVES, OMG, DASH, STX, ADA, LINK, OCEAN, NEXO, XLM and even Dogecoin (DOGE), which reached US$0.0045.

cryptomoedas 25 12 2020
cryptomoedas 25 12 2020
Although Bitcoin is the main cryptomeda in the market, the second most important, Ethereum (ETH) outperformed BTC in 2020 in terms of percentage returns.

The price of Ethereum appreciated more than 350% year-to-date, while Bitcoin gains are around 200%.

Driven by the Defi wave, the Ethereum remains one of the most traded digital assets this year.

In the list of cryptocracks that appreciated most in 2020 the vast majority are DeFi tokens that run on top of the Ethereum platform.

Bitcoin is now trading in a positive and price discovery zone, showing positive signs of a possible boost above $25,000 resistance in the short term.

Een overzicht van het bekroonde Brokereo CFD-handelsplatform

admin, · Kategorien: Bitcoin

Brokereo , de in Cyprus gevestigde online CFD-makelaardij, is de afgelopen dagen uitgegroeid tot een van de betrouwbare handelsplatforms. Het is eigendom van en wordt beheerd door Concorde Investments Ltd, het is een gereguleerd platform met een licentie van CySEC en als verder bewijs van zijn betrouwbaarheid heeft het in 2020 ook de Best Retail FX Broker Europe-prijs van de European Global Banking & Finance ontvangen.

Op Bitcoin Superstar kunnen gebruikers meer dan 300 CFD-producten verhandelen, waaronder cryptocurrencies, forex, grondstoffen, indices, aandelen en metalen, met behulp van enkele van de beste handelssoftware die momenteel in de branche wordt aangeboden.

Handel overal met Brokereo

Het Brokereo-platform is toegankelijk via de meeste apparaten met een scherm en de mogelijkheid om verbinding te maken met internet. Beginnend met de responsieve WebTrader-interface voor internetbrowsers, is het handelsplatform beschikbaar op zelfstandige MetaTrader 4-desktopsoftware voor computers met Windows en MacOS. Degenen die onderweg willen handelen, kunnen de mobiele MT4-applicatie op hun Android- en iOS-telefoons gebruiken.

De veelgebruikte MetaTrader 4 is een van de industriestandaard handelsinterfaces waarmee veel doorgewinterde handelaren bekend zijn. Het staat bekend om de aanpassingsfuncties, een lange lijst met analytische tools, grafieken en meer.

Aan de slag met Brokereo

Om te beginnen met handelen, moet men een account hebben op Brokereo. Het platform heeft een eenvoudig aanmeldingsproces waarbij de gebruikers hun persoonlijke informatie moeten verstrekken, inclusief volledige naam, e-mailadres, telefoonnummer en het gewenste wachtwoord moeten instellen. Daarna moeten ze een eenvoudige vragenlijst invullen en de KYC-vereisten invullen. De minimale storting die vereist is om met Brokereo te handelen, is € 250, die kan worden gedaan met behulp van een van de meerdere beschikbare betalingsopties.

De ondersteunde stortings- en opnamemogelijkheden zijn onder meer bankoverschrijving, door MasterCard en VISA aangedreven creditcards en betaalpassen en elektronische betaaldiensten zoals Neteller, Skrill, WebMoney, enz. andere methoden worden snel uitgevoerd en hetzelfde weerspiegelt zich in de gebruikersaccounts tussen 24 uur.

Brokereo biedt meerdere accounttypes aan, passend bij de diverse behoeften van de handelsgemeenschap. De drie aangeboden retailaccounts zijn de SILVER-account, GOLD-account en de PLATINUM-account. De meest opvallende kenmerken van elk accounttype worden vermeld in de onderstaande tabel.

Bitcoin fortsätter att stiga efter att ha brutit 23 000 dollar

admin, · Kategorien: Bitcoin

Bitcoin följer en kortsiktig stigande supportlinje.

Dagliga tekniska indikatorer är hausse men diagrammet på två timmar visar en viss svaghet.

BTC är troligtvis i våg 3 ​​i en femvågs hausseimpuls

Vill veta mer? Gå med i vår Telegram-grupp och få handelssignaler, en gratis handelskurs och daglig kommunikation med kryptofans!

Bitcoin (BTC) har fortsatt sin stigning efter att ha äntligen knäckt $ 20.000 och nådde en topp på $ 23.800 den 17 december.

Bitcoin förväntas fortsätta öka mot högre mål innan en eventuell korrigering.

BTC-priset har fortsatt sitt uppåtgående steg efter att ha brutit ut över $ 19 500. Det nådde högst 23 800 dollar igår innan det skapade en liten övre veke och minskade något tillbaka till 23 000 dollar.

Tekniska indikatorer i den dagliga tidsramen är hausse. Förutom det faktum att gårdagens rörelse skedde med betydande volym, korsade RSI bara tillbaka över 70 och MACD-histogrammet är nu positivt. Den hausseartade trenden fortsätter skulle bekräftas av ett hausseartat kors i den stokastiska oscillatorn.

Den två timmar långa tidsramen visar att BTC möjligen följer en stigande stödlinje och ligger betydligt över den

Lägre tidsramar visar dock en viss svaghet, eftersom både RSI och MACD rör sig nedåt. Den senare ger redan en reverseringssignal.

Om BTC börjar minska skulle det närmaste stödområdet hittas på $ 21 000, 0.618 Fib retracement-nivån som också sammanfaller med den stigande stödlinjen.

BeInCryptos artikel om vågräkning från tisdag uppgav att BTC befinner sig i en långvarig cykelvåg 5 som förväntas ta den nära $ 26 000.

Vågantalet för denna cykel ges i orange i diagrammet nedan. Om det är korrekt, är BTC i våg 3, vilket bekräftades av en brytning från den parallella kanalen som förbinder vågorna 1 och 2.

Det finns två troliga mål för toppen av undervåg 3:

$ 25,871; som hittas av 2.61 Fib-förlängningen av våg 1 (orange).
23 654 dollar; vilket skulle ge vågorna 1: 3 ett förhållande 1: 1,61, det vanligaste förhållandet mellan de två vågorna (svart).
Om den senare är korrekt har BTC redan slutfört våg 3 ​​och har nu börjat våg 4.

Bitcoin just a click away from TD Ameritrade and Charles Schwab traders? Bitwise is a game changer

admin, · Kategorien: Bitcoin

Listed Cryptos – Since its founding in 2017, Bitwise Asset Management has grown into one of the leading crypto-asset fund managers. Today, this company is taking an additional step, announcing that it will launch, on the stock market, a new index that includes several cryptocurrencies.

The BITW crypto fund accessible to all stock exchanges

Via a press release issued December 9 Bitwise Asset Management announces that its funds Bitwise Crypto 10 Index Fund will be listed on the stock market OTCQX .

The latter is the most important (and most demanding) marketplaces for the trading counter stock-counter ( Over The Counter , or OTC ). Bitwise’s fund will be listed there under the symbol “BITW” .

With currently $ 120 million in crypto-assets under management, it will make crypto exposure accessible to all owners of traditional brokerage accounts , such as those of Fidelity , Charles Schwab or Ameritrade .

“The unprecedented events of 2020 have motivated many people to invest in cryptocurrencies for the first time (…) With the BITW Index, investors can now gain exposure to Crypto Investor, Ethereum, and other cryptocurrencies without having to bet on a single winner, or have to constantly monitor the rapid developments in this sector. “

Hunter Horsley, co-founder and CEO at Bitwise Asset Management

To be more precise, the fund is mainly composed of Bitcoin (BTC), at 75% , then 13% for Ethereum (ETH), and the last remaining 12% is divided between Litecoin (LTC), Chainlink (LINK), Tezos (XTZ), Stellar (XLM), XRP , Bitcoin Cash (BCH) and EOS .

A new vector for betting on the performance of crypto-assets

According to Bitwise’s press release, this composite index would have achieved a performance of + 184% between the start of the year and November 30, 2020. The company ensures that the cryptocurrencies serving as underlying to its fund are kept at 100 % (no fractional reserve), by cold storage (offline storage) with a regulated, insured and regularly audited custody service.

“Cryptos are the best performing asset class in the world this year, and the outlook for 2021 is strong (…) The start of public trading in BITW shares will make it much easier for financial advisers, family offices, individuals and institutional funds. We believe the fund offers a solution that is both strong and unique. “

Matt Hougan, Chief Investment Officer of Bitwise

The BITW will thus join, on the OTCQX market, the famous Grayscale Bitcoin Trust (GBTC) from Grayscale Investments, which now weighs more than $ 10 billion in underlying bitcoins.

We want Bitwise’s index fund to meet the same fate as its predecessor. In any case, the public listing on the BITW stock exchange will remain a historic world first, since it is a first for a fund made up of a basket of several cryptos.