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Bitwise Asset Management's 'Bitwise 10' vs Alongside Crypto Market Index (AMKT)

Alongside
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Bitwise Asset Management's 'Bitwise 10' vs Alongside Crypto Market Index (AMKT)

Ever wondered what the difference between the Alongside Crypto Market Index (AMKT) and Bitwise Investments was?

The world of cryptocurrency investing is becoming increasingly complex, with more and more options available to investors. Two of the most popular products are Bitwise Asset Management and the Alongside Crypto Market Index (AMKT) token. While both offer a range of products, there are some key differences between the two products that should be taken into account when deciding which one is right for you. In this blog post, we’ll explore the differences between Bitwise Asset Management and AMKT, so you can make an informed decision about which one is right for you.

Who is Bitwise?

Bitwise was established in 2016 by Hunter Horsley and Hong Kim, and is based in San Francisco, California. The company works with financial advisors and investment professionals to offer quality education and research. They are renowned for the Bitwise DeFi Crypto Index Fund, as well as the Bitwise Crypto Industry Innovators ETF (NYSE: BITQ), the first crypto industry ETF which tracks the Bitwise Crypto Innovators 30 Index of pure-play crypto equities. An important note is Bitwise is a fund.

Bitwise Asset Management is well-known for creating traditional financial products such as exchange traded funds (ETF's) with crypto exposure. They offer a range of products that allow investors to gain exposure to the crypto market, while still maintaining the safety of traditional investments. For example, the Bitwise DeFi Crypto Index Fund is a fund that tracks the performance of the top 30 DeFi tokens, allowing investors to gain exposure to the DeFi space without having to purchase the tokens directly. Similarly, the Bitwise Crypto Industry Innovators ETF (NYSE: BITQ) is the first crypto industry ETF, which tracks the Bitwise Crypto Innovators 30 Index of pure-play crypto equities. This ETF allows investors to gain exposure to the crypto industry without having to purchase individual tokens. By creating these traditional financial products with crypto exposure, Bitwise Asset Management is making it easier for investors to gain access to the crypto market.

What is the difference between AMKT and a Bitwise Product?

  • AMKT is a token-based crypto market index that is available on both centralized and decentralized exchanges, such as Ethereum. It is designed to provide investors with exposure to the crypto market, without having to purchase individual tokens. On the other hand, Bitwise Asset Management is a fund that is only available to accredited investors.
  • AMKT is designed to track the top 25 crypto assets by market cap, whilst bitwise's closest fund the Bitwise 10 only tracks the top 10 assets.
  • AMKT is tradable 24/7, whilst bitwise products are only available to trade during normal trading hours.
  • AMKT entitles its holders to a share of governance rights to it's DAO.

Buy the entire crypto market in a single token.