CryptoSlate
Bitcoin made up 78% of Bitwise’s diversified 10-crypto portfolio while the fund lost $500 million. That concentration shows how a basket can remain heavily weighted to one asset even when it holds multiple cryptocurrencies.
T. Rowe Price’s crypto debut is testing whether active management can revive demand for multi-asset funds. The $1.9 trillion asset manager is entering after investors rejected crypto basket ETFs.
Single-token ETFs drew $13.6 billion, creating a sharp contrast with the basket-fund response. The test is whether active selection can make a broader crypto portfolio more relevant to investors.
Frequently asked questions
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How concentrated did Bitwise’s 10-crypto portfolio become?
Bitcoin made up 78% of the diversified 10-crypto portfolio, leaving the basket heavily concentrated in one asset while the fund lost $500 million.
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What is T. Rowe Price testing with its crypto debut?
T. Rowe Price is testing whether active management can revive demand for multi-asset crypto funds.
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How did single-token ETFs compare with crypto basket ETFs?
Investors rejected crypto basket ETFs, while single-token ETFs drew $13.6 billion.
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How large is T. Rowe Price’s asset-management business?
T. Rowe Price is a $1.9 trillion asset manager.
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What is the core demand challenge for multi-asset crypto funds?
They must attract investors after crypto basket ETFs were rejected, while single-token ETFs drew $13.6 billion.
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