Bitwise Brings Institutional Portfolio Construction into Crypto Wallets

Bitwise has launched three automated token portfolios (ATPs) in collaboration with Coinbase and Glider. The ATPs allow investors to hold tokenized stocks directly in their crypto wallets, giving them more control over their investments.

The Mag7X ATP provides equal-weighted exposure to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, and SpaceX. The Robotics ATP focuses on companies developing humanoid robots, autonomous vehicles, and warehouse automation, including Tesla, Nvidia, and Amazon. The AI Leaders ATP includes Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla, and Sandisk.

Bitwise's Chief Investment Officer Matt Hougan explained that the tokenized format allows for more flexibility than traditional ETFs, which can take months to launch and may be constrained by diversification or fund-design requirements. 'For one, you can be more precise,' Hougan said. 'Traditional funds and ETFs often have requirements to hold 10, 20, 30, 40 stocks. What if you want to design a strategy that only has three or four names in it?'

The ATPs are available only to non-U.S. persons in eligible jurisdictions outside the United States.