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First Cryptocurrency Index Fund Listed on OTC Markets
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investopedia.comThe first cryptocurrency index fund has made its debut in OTC markets. Bitwise's large-cap index fund, the Bitwise 10 Index Fund (BITW), is listed on OTCQX and can be traded using brokerage accounts. The fund has $120 million in assets under management and will track the Bitwise 10 Large Cap Crypto Index, which is a market capitalization-weighted index holding 10 of the largest cryptocurrencies, representing 80% of the overall value of crypto markets.
Its top holdings, as of this writing, are Bitcoin (75%) and Ether (13%), and the rest consists of other cryptocurrencies such as XRP and litecoin. According to the company's press release, the fund was up by 184% in value this year. Bitwise has partnered with Coinbase, a leading cryptocurrency
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