Summary
BITW Chart
BITW: Expensive Fund With Near Perfect Correlation To Bitcoin
Bitwise 10 Crypto Index Fund (BITW) is rated Sell due to high fees and high correlation with bitcoin and persistent underperformance versus bitcoin. BITW's 250bps expense ratio is difficult to justify, given its 97% correlation with bitcoin and limited value from smaller altcoin holdings. Portfolio concentration is high: bitcoin comprises 74.7% and Ethereum 14.8%, with smaller coins contributing little to performance while adding substantial risk.
BITW: Against My Bitcoin‑Maximalist Philosophy
Bitwise 10 Crypto Index Fund ETF catches my attention during the screening of new strong buy ratings. The benchmark of BITW is simple, transparent, and representative. Unfortunately, its structure seems to present itself in a less efficient way. In the long term, neither an effective hedge nor any alpha can be observed compared to holding only Bitcoin in the portfolio.
BITW: Market-Cap Weighting Forces 'Buy High-Sell Low' Crypto Strategy
Since Trump's election, Bitcoin has declined ~25%, suggesting a "buy the rumor, sell the news" event around the cryptocurrency strategic reserve. BITW, a market-cap-weighted crypto fund, trades at a discount due to SEC restrictions but may rise if rules change to include more cryptocurrencies in ETFs. Cryptocurrencies correlate highly with market liquidity and margin debt, indicating potential bearish trends due to reduced free cash and high margin debt levels.
Bitwise 10 Crypto Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 11,925 | $700,713 | $504,487.12 | -$196,225.88 | -28% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 6,951 | $408,440.76 | $294,062.05 | -$114,378.71 | -28% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 792 | $35,328.74 | $33,319.44 | -$2,009.3 | -5.69% |
 Farallon Capital Farallon Capital Management LLC | 603,000 | $35.43M | $25.49M | -$9.94M | -28.05% |
| AC Adam Claypool First Community Trust Na | 1,500 | $88,140 | $63,030 | -$25,110 | -28.49% |
Bitwise 10 Crypto Index Fund (BITW) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Bitwise 10 Crypto Index Fund ever had a stock split?
Bitwise 10 Crypto Index Fund Profile
| OTC PINK Exchange | US Country |
Overview
The Bitwise Hold 10 Private Index Fund is an investment service provider that specializes in cryptocurrency investments. Founded on November 22, 2017, and based in San Francisco, California, the company focuses on offering investors exposure to a diverse range of cryptocurrencies through its products. The aim of the Bitwise Hold 10 Private Index Fund is to simplify the process of investing in cryptocurrencies for both new and experienced investors by providing a well-researched and managed portfolio of digital assets.
Products and Services
The Bitwise Hold 10 Private Index Fund offers a variety of investment services centered around cryptocurrencies:
- Index Fund Products: The core offering, the Hold 10 Private Index Fund, is designed to track the performance of the top 10 cryptocurrencies by market capitalization. This approach provides investors with diversified exposure to the cryptocurrency market, mitigating the risk associated with investing in single cryptocurrencies.
- Research and Analysis: Alongside its index fund, Bitwise provides in-depth research and analysis on the cryptocurrency market. This service is intended to educate investors about the latest trends, risks, and opportunities within the digital asset space, helping them to make informed investment decisions.
