This New Way to Invest in Bitcoin Is Already Seeing Historic Volume

This New Way to Invest in Bitcoin Is Already Seeing Historic Volume

Gate Trade News Tuesday, December 15, 2020 326 1

Crypto fund Bitwise Asset Management today announced that traders shifted more than $67 million worth of shares of its new crypto index fund in the first three days of trading. 

 

The San Francisco-based company debuted the Bitwise 10 Crypto Index fund on Wednesday, December 9. 

 

It claims that this beat rival Grayscale’s record for the Grayscale Ethereum Trust, which traded a little over $9 million in its first three days last June.

 

The fund, which trades on over-the-counter trading desk OTCQX Best Market, tracks the price of the ten largest cryptocurrencies.