Bitwise Launches Tokenized Stock Portfolios for Crypto Wallets
Bitwise Asset Management has expanded its offerings beyond traditional crypto exchange-traded funds (ETFs) with the launch of Automated Token Portfolios (ATPs). These portfolios allow eligible non-US investors to hold and auto-rebalance tokenized US stocks directly in their own crypto wallets.
The initial lineup includes three strategies: an AI leaders portfolio, a robotics portfolio, and the Mag7X. The Mag7X equally weights Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla, and also includes SpaceX. Unlike traditional ETFs or mutual funds, investors do not pool their money together; each person holds individual tokenized stocks in their own non-custodial wallet.
Bitwise Chief Investment Officer Matt Hougan explained the difference: 'For over a century, getting a professional model meant handing your assets to a fund. ATPs mean you can keep the assets in your own wallet, and the model comes to you.'