Bitwise Unveils Automated Token Portfolios for Non-US Investors

Crypto asset manager Bitwise has introduced a new service for non-US investors that allows them to build and rebalance portfolios of tokenized US stocks automatically. The service, called Automated Token Portfolios (ATP), uses Coinbase's tokenized stocks and operates through the on-chain investing platform Glider.

Bitwise introduced ATP in August 2023, with initial offerings built around themes such as the Magnificent Seven plus SpaceX, robotics, and leading artificial intelligence companies. Investors can hold tokenized stocks directly in their own wallets while automatically tracking and rebalancing portfolios designed by Bitwise.

The methodology fee for ATP is 0.15%, with trading and platform fees charged separately. Unlike traditional funds, investors do not need to hand their assets to an asset manager; the tokenized stocks remain in non-custodial wallets and are not transferred to a pooled fund.