The index and fund hold up to 40 crypto assets that are critical to the functioning and growth of the burgeoning metaverse.
Bitwise asset managementthe global leader in crypto index funds, today announced its partnership with Matthew Balla prominent Metaverse investor and CEO of Epyllion Crypto Research, and Multicoin Capital, the leading thesis-focused crypto investment firm, to launch the Ball Multicoin Bitwise Metaverse Index, a metaverse-focused crypto index of up to 40 leading crypto assets. A fund that tracks the index is also now available to qualified buyers via Bitwise.
The index relies on the combined expertise and proprietary research of the three partners to determine which crypto assets are at the heart of the metaverse, while looking for liquidity, regulatory and asset integrity risks. It adds discretionary overweights to capture or increase exposure to assets that the index steering committee believes have high growth potential.
“In the decades to come, we believe that tens of trillions of dollars of value will be created and reallocated to support the metaverse, and nearly every consumer, country, and market will be affected,”” said Matthew Ball. “To support this transformation, we will need many new protocols, standards and systems. Additionally, we need these new technologies to be able to harness the combined power of every willing user and developer in the world, while ensuring that the metaverse (and its benefits, data, and opportunity) is available to every deserving user and developer in the world. Investors are right to see blockchains as a key part of that future and to value a demanding yet diverse approach to investing in this dynamic technology. With a strong track record of operational excellence in the crypto markets, Multicoin Capital and Bitwise are great partners to work with to bring the first Metaverse Crypto Index to life.”
“The Metaverse is one of the boldest and most exciting ideas ever conceived. However, for it to be widely accessible, it must be built on an open, decentralized, and credibly neutral foundation, which means it must be built largely with crypto assets and public blockchains,” said Kyle Samani, Managing Partner at Multicoin Capital. “With literally thousands of crypto assets to choose from, underwriting the most invested opportunities is a endless challenge. We are excited to launch this index in partnership with Matthew Ball and Bitwise to help investors navigate this exciting opportunity and help them gain exposure to the assets that will power the Metaverse.”
“Our goal at Bitwise has always been to help investors access the most important themes in crypto over the long term,” said Matt Hougan, Chief Investment Officer of Bitwise. : a trend and category that we believe will have a lasting impact on the way people work, play, communicate and transact. With this fund, our indexed approach is designed to capture a wide range of crypto projects, across a diverse set of themes, that are critical to the success of the metaverse. We are thrilled to partner with thought leaders Ball and Multicoin Capital to bring this dynamic product to market.”
The Ball Multicoin Bitwise Metaverse Index Fund is currently available to qualified buyers for private placement subscription with a minimum investment of $100,000. It will provide monthly redemptions subject to certain restrictions.
About Matthew Ball and Epyllion Crypto Research
Matthew Ball is the CEO of Epyllion, a Metaverse-focused holding company. Epyllion operates a venture capital fund, a venture capital advisory firm, a business advisory firm, and a television/film/game production company. Ball is also a venture capital partner at Makers Fund, an advisor to KKR, sits on the board of numerous start-ups, is co-founder of Ball Metaverse Research Partners, the index provider behind the first and largest Metaverse-themed public equity ETF around the world and is a co-founder of Epyllion Crypto Research, which co-manages the Ball Multicoin Bitwise Metaverse Index. Ball’s essays & CloseCurlyQuote; on the Metaverse have been touted by the CEOs of Meta, Unity, Microsoft Gaming, Epic Games, Sony, Netflix, and more, as well as outlets such as The Financial Times, The New York Times, BBC, The Economist, and The New Yorker.
About Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Crypto networks and businesses will create trillions of dollars of value over the next decade. But investing in tokens is fundamentally different from investing in companies. New tools, heuristics and security measures are needed to invest responsibly in this ecosystem. We leverage our deep understanding of blockchain technology and crypto markets to deliver exceptional returns. For more information visit: https://multicoin.capital.
About bitwise asset management
Based in San Francisco, Bitwise is one of the largest and fastest growing crypto asset managers. As of March 31, 2021, Bitwise managed over $1.2 billion through a growing suite of investment solutions. The company is known for running the world’s largest crypto index fund (OTCQX: BITW) and pioneering products spanning Bitcoin, Ethereum, DeFi and crypto-focused stock indices. Bitwise is focused on partnering with financial advisors and investment professionals to provide quality education and research. The Bitwise team combines technology expertise with decades of experience in traditional asset management and indexing, from companies such as BlackRock, Blackstone, Meta, and Google, as well as the US Attorney’s Office. Bitwise is backed by leading institutional investors and asset management executives, and has been featured in Institutional Investor, CNBC, Barron’s, Bloomberg, and The Wall Street Journal.
DISCLOSURE OF RISKS AND IMPORTANT INFORMATION
Carefully review the investment objectives, risk factors, and fees and expenses of any Bitwise investment product before investing. Investing involves risk, including possible loss of principal. There is no guarantee or assurance that the methodology used by Bitwise or any of the Bitwise investment products will enable any Bitwise investment product to achieve positive investment returns or outperform other investment products. investment. There is no guarantee or assurance that an investor’s investment objectives will be achieved through an investment in any Bitwise investment product, and an investor may lose money. Investors in any Bitwise investment product should be prepared to accept a high degree of volatility in the price of that investment product and the possibility of significant losses. Bit-level investment products involve a substantial degree of risk and are only available to accredited institutional and individual investors.
Some of the Bitwise investment products may be subject to the risks associated with investing in crypto assets, including cryptocurrencies and crypto tokens. Because crypto assets are a new technological innovation with a limited history, they are a highly speculative asset. Future regulatory actions or policies may limit the ability to sell, trade, or use a crypto asset. The price of a crypto-asset can be impacted by the transactions of a small number of holders of this crypto-asset. Crypto assets may decline in popularity, acceptance, or usage, which may impact their price. Crypto-asset and blockchain technology is new and developing. Currently, there are a limited number of listed or listed companies for which crypto assets and blockchain technology represent an attributable and significant source of revenue.
The opinions expressed here are intended to provide insight or education and are not intended to be individual investment advice. Bitwise does not warrant that this information is accurate and complete and should not be relied upon as such.
This material represents an assessment of the market environment at a specific time and is not intended to be a prediction of future events or a guarantee of future results. This information should not be considered by the reader as research or investment advice regarding the funds or any particular security. Past performance is not indicative of future results.
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Diversification may not protect against market risk. Diversification does not guarantee a profit or protect against loss in a declining market.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful, and there will be no sale of securities in any jurisdiction in which any such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offering and sale of these investment products has not been registered or approved or disapproved by the Securities and Exchange Commission or securities commission or regulatory authority of any state or foreign jurisdiction .
In general, Metaverse protocols do not run on a native blockchain, but rather are built and operated on other public blockchain networks. Therefore, a Metaverse protocol does not control the blockchain network on which it operates. Any negative impact or change to the underlying blockchain network could adversely affect the operation of the Metaverse Protocol and, therefore, could impact the price of the Metaverse Protocol Digital Asset. These negative impacts may include, but are not limited to, technical bugs, hacks, 51% attacks, or network congestion due to, among other things, high fees.
Bitwise Investment Advisers, LLC, is the sponsor of the fund and is not affiliated with Matthew Ball, Epyllion or Multicoin Capital.