Bitwise Launches Three New Crypto Index Funds

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Last month, Bitwise Asset Management submitted an application for a top-10 cryptocurrency ETF. Announced Aug. 15, Bitwise is now launching three new indexes covering the small-total cap segments of the overall cryptocurrency market. Bitwise Expands Crypto Index Family Bitwise Asset Management subsidiary Bitwise Index Services LLC is set to launch three additional index funds for investment, according to a press release. Related: Asset Manager Bitwise Files for a Top-10 Cryptocurrency ETF The Bitwise index funds will track various market segments through a new 70 Small Cap Crypto Index, 20 Mid Cap Crypto Index and 100 Total Market Crypto Index. Bitwise conducted research “on thousands of individual crypto pairs representing 99.9 percent of all eligible cryptoasset volume” and reviewed over 250 cryptocurrencies to fully capture the total market. These index funds are not yet available for investment. Bitwise will also rename its market benchmark, HOLD 10 Cryptocurrency Index, to the 10