Bitwise Index Services, LLC, a subsidiary of Bitwise Asset Management, creators cryptocurrency index funds, today announced the launch of three additional indexes covering the mid-cap, small-cap, and total-market segments of the crypto asset market as well as the renaming of the HOLD 10 Index.
The Bitwise Crypto Index family now features:
Bitwise 10 Large Cap Crypto Index (ticker: BITX)
Bitwise 20 Mid Cap Crypto Index (ticker: BITW20)
Bitwise 70 Small Cap Crypto Index (ticker: BITW70)
Bitwise 100 Total Market Crypto Index (ticker: BITW100)
To support the indexes, Bitwise also announced the launch of an index advisory board, featuring experts in institutional indexing and crypto economics:
- Srikant Dash, CFA, is the former Global Head of Indexing for Bloomberg and the former Managing Director and Global Head of Research at Standard & Poor’s Indices. Today, over $200 billion in ETF assets track indexes built by Dash. He was a long-standing member of the S&P 500 Index Committee.
- Spencer Bogart, CFA, is a Partner and Head of Research at Blockchain Capital, a leading venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem. Prior to joining Blockchain Capital, he authored Wall Street’s first industry report highlighting the use cases, companies, and potential of blockchain technology as a Vice President at Needham & Company
- Matt Hougan is the Global Head of Research at Bitwise and former CEO of both ETF.com and Inside ETFs. He helped create the world’s first ETF ratings and analytics service (which now powers FactSet’s ETF ratings), co-authored the CFA Institute’s monograph on ETFs, and appeared three times as a member of the Barron’s ETF roundtable.
The Bitwise Crypto Indexes are broadly available throughout the financial ecosystem, including via Bloomberg, Reuters, FactSet, and other data aggregators, as well as the Bitwise website and API.
Bitwise also announced the creation of API access and complimentary benchmarking for hedge funds, researchers, or others interested in high-quality crypto index data. Currently more than a dozen leading firms, including some of the best-known crypto asset hedge funds in the world, benchmark against Bitwise indexes. Detailed information on the API is available here.
The Bitwise Crypto Indexes capture the investable crypto asset market as measured and weighted by free-float and five-year inflation-adjusted market capitalization. The index methodology features rules that mitigate risks surrounding liquidity, security, exchange concentration, regulatory status, and more, and aim to fully capture the investable cryptomarket opportunity. Bitwise performs extensive research on more than 250 cryptoassets in the course of building its indexes and consolidates pricing on thousands of individual crypto pairs representing 99.9% of all eligible crypto asset volume.
In conjunction with the launch, Bitwise also announced it was changing the name of the industry’s leading benchmark from the Bitwise HOLD 10 Index to the Bitwise 10 Large Cap Crypto Index.