Bitwise launches DeFi index fund supporting UNI, AAVE and other tokens
Crypto-asset management company Bitwise announced the launch of the first Bitwise DeFi Crypto Fund, an index fund that gives qualified investors access to DeFi tokens. The fund will initially include Uniswap, Aave, Synthetix, Maker, Compound, UMA, Year.Finance, 0x and Loopring.
"Consider this a potential sign that the institutional investment world is approaching a growing decentralized finance market," the publication notes.
Bitwise also announced the launch of the Bitwise DeFi Crypto Index (BITW). The new fund will give accredited investors a diversified bet on DeFi at the expense of a traditional security that can make them more comfortable in a nascent market known for hacks and drawdowns.
