This video is about Bitwise and it’s volatile existence since 7 December 2020. This video goes into detail what it is made up of, what it’s worth, the changes due to XRP and whether or not you should hold it as part of your portfolio. That investment advice just observations. Stay tuned till the end to understand exactly what to do.
0:15 Is Bitwise Wise???
0:30 Tax advantage
0:53 Top 10 crypto’s by market weighting – high net worth individuals and institutions subscribe to the fund before the funds launched and that results in the problem when it’s sold to retail at a premium.
1:45 This is a basket of the top 10 cryptos without owning the top 10 crypto’s. It has high fees and an extremely high premium and again as always investor sentiment drives the premium level
2:15 Did it blast off to far too fast? It launched on December 9 it had the highest first three days volume of any publicly traded crypto fund in history. When it began it was 75% bitcoin and 13% Ethereum
3:06 Let’s look at the numbers
3:15 The allocation shake up post XRP meant that now the fund is 81% bitcoin and 15% Ethereum totaling 96% in total and the next seven cryptocurrencies only got allocated 4%.
4:09 The bitwise trust breakdown is basically a price of $60 with a net asset value of $31.72.
5:08 NAV to Market Price and premium outlined for every dip and spike. Can you believe 730% Premium???
6:35 We analyze the bitcoin to bitwise six-week chart and the HURT LOCKER!!!
7:40 Now we look at the bitcoin to bitwise one month chart and again doesn’t track
8:05 Conclusions – crazy premium, churn, doesn’t track, arbitrage opportunities, net net…. watch video for details.
9:20 Is Grayscale a better deal than Bitwise?
9:50 Next up videos
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