Crypto assets like bitcoin and ethereum have recently gained huge attention. Advisors are increasingly informed about this evolving asset class and feel more comfortable developing allocation strategies for their clients.
In the next webcast, The case of crypto stocks, Bitwise Asset Management CIO Matthew Hougan and Research Director David Lawant will examine the case for a ‘pick-and-shovel’ approach to investing in the crypto boom and examine which companies are building the infrastructure that gives crypto an opportunity to thrive.
For example, the ETF Bitwise Crypto Industry Innovators (BITQ) offers investors a way to gain exposure to the crypto market without having to directly own crypto assets like bitcoin and ethereum.
“Just as e-commerce and mobile have changed the way the world works, bitcoin and crypto are creating disruptive changes today. The Bitwise Crypto Industry Innovators ETF (NYSE: BITQ) has the potential to help investors capitalize on this wave of innovation, ”according to Bitwise.
BITQ seeks to track the Bitwise Crypto Industry Innovators 30 Index, designed with Bitwise industry expertise to capture “pure-play” companies engaged in real and physical activity in the crypto industry. Additionally, the index includes companies with at least $ 100 million in liquid crypto assets on their balance sheets.
In most cases, companies in the new index must derive at least 75% of their income from directly serving the cryptocurrency markets or have at least 75% of their net assets represented by direct holdings of liquid crypto assets. . These companies may, for example, offer crypto brokerage services, financial and banking services, mining solutions, technology solutions, or analytics solutions. The index rebalances every quarter.
The index is designed specifically to capture the unique characteristics of the crypto equity market. For example, the index has a “quick-entry” rule that allows new IPOs and direct quotes to enter the index one day after their debut, allowing the index to adjust to change. rapidly changing market.
Financial advisers who want to learn more about investing in the crypto industry can register for the Friday, December 3 webcast here.