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Bitwise Asset Management, the company that launched the very first cryptocurrency index fund, has updated its Bitwise 20 small capitalization cryptography index on December 10, 2018. The company is also well known in space for its partnership with Morgan Creek Digital Assets.
The company is at the center of attention thanks to the assets of Bitwise Invest 20, which consists of 20 leading cryptocurrencies in the market. According to the latest update, the Bitwise Invest 20 constitutes 15.37% of Tron, the tenth largest cryptocurrency by market capitalization, making it the largest of all. The other main portions are divided between – 11.58% in NEM, 11.45% in IOTA, 9.66% in Ethereum Classic and 5.48% in NEO. It also includes Dogecoin, Tezos, Decred, Bitcoin Gold and Lisk.
This excludes all cryptocurrencies in Bitwise 1o Large Cap Crypto Index, which consists of 10 cryptocurrencies. It is 66.38% in Bitcoin, 13.64% in XRP, 9.40% in Ethereum, 2.30% in Stellar and 2.02% in EOS. The other cryptocurrencies are Bitcoin Cash, Litecoin, Monero, Dash and Zcash.
Mike Dudas, co-founder of Button, says:
"I just looked at the 5 biggest assets of @BitwiseInvest 20 and I want to cry"
Aditya Das, an alt coin investigator says:
"I'm amazed by this … Does Bitcoin Gold, Lisk, and the biggest piece of the cart is TRX? Even the most daring tall coin merchant would have a wallet like this"
Master artist dying of hunger, a Twitterati says:
"LOL also have 5.26% of Dogecoin and 4.2% of BTG xD holy shit thats hilarious, 1 / 20th of this shit is fucking dogecoin"
Recently, the CEO of Bitwise, Hunter Horsley spoke about the collapse of the cryptocurrency market, in an interview with Bloomberg. According to him, the collapse of the price of Bitcoin is the reason for the collapse of the entire market.
Furthermore, the CEO believes that the cryptocurrency market is in poor condition. He also said that the trade in cryptocurrencies is similar to that of public capital, yet it behaves more like a venture stage phenomenon.
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