Added to YB: 2023-10-20
Pitch date: 2023-10-19
BITW [bullish]
Bitwise 10 Crypto Index ETF
+267.2%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
Bitwise 10 Crypto Index ETF is an exchange traded fund launched by Bitwise Investment Advisers, LLC. It invests in the currency markets.
45% Discount to NAV - BITW - Trap or Compelling Situation? You Decide!
BITW: Bitwise Crypto 10 Fund trades at $12.50, NAV $22.93 (46% discount vs GBTC's 12%). Holds top 10 cryptos (90% BTC/ETH). Pink sheet listed = overlooked. 80% upside if converts to ETF, tender offer, or winds down. Risks: crypto decline, custody hack, spread widens. Tiny $9M annual fees = low litigation tolerance vs shareholders.
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