Matt Hougan, Chief Investment Officer, Bitwise Asset Management discusses the rapidly evolving state of the crypto economy, and the Bitwise Crypto Industry Innovators ETF (BITQ).
2021 has already been a huge year for crypto. The global Cryptocurrency Market Cap surpassed $2 trillion for the first time, driven largely by Ethereum’s latest run up and the emergence other lesser-known cryptocurrencies. Coinbase’s April IPO was another major milestone towards legitimizing crypto as a mature and viable asset class. BITQ seeks to provide investors exposure to crypto-focused companies standing to benefit from the growing crypto economy, rather than the coin itself.
Top holdings include U.S. based crypto currency trading platform, Coinbase and Bitcoin investor Microstrategy, Inc. BITQ allows advisors to take a broad-based, “picks and shovels approach” to crypto and avoid some of the complications and risks of holding the coin directly. Hougan is a leading expert on crypto, ETFs, and financial technology. In addition to creating the world’s first cryptocurrency index fund, Hougan serves as Chairman of Inside ETFs, the world’s largest ETF conference.
To learn more, register and watch Bitwise’s webcast, Coinbase & Beyond: A Picks & Shovels Approach To Investing In The Bitcoin Economy.
Cryptoassets like bitcoin have been among the best-performing assets in the world over the past one, three, five and 10 years. But many investors are not yet comfortable allocating directly to crypto. In this special, hour-long webcast, Bitwise Chief Investment Officer Matt Hougan and Director of Research David Lawant examine the case for investing in “crypto companies”—firms like Coinbase, MicroStrategy, and Canaan, that are building the crypto brokerages, crypto mining equipment, and other key services that allow the crypto economy to thrive. Is “picks and shovels” the best approach to crypto? Among the topics we’ll consider:
- Correlations: How correlated are the returns of crypto companies with the price of bitcoin?
- Growth and Earnings: Are these companies generating real profits or only promises of tomorrow?
- Pure Plays: What counts as a crypto company? And what about “blockchain” plays like IBM?