Bitwise Launches Automated Portfolios for Tokenized U.S. Stocks

Bitwise, a leading crypto asset manager, has introduced Automated Token Portfolios (ATPs), rules-based investment portfolios of tokenized U.S. stocks, for eligible international investors. The ATPs are implemented via Glider, an onchain portfolio automation platform, and use Coinbase's tokenized stocks. The initial portfolios will focus on themes such as the Magnificent 7 technology companies, including SpaceX, robotics, and AI leaders.

Bitwise will charge a 0.15% methodology access fee, excluding trading and platform costs. Unlike traditional funds, the ATPs maintain assets in investors' own non-custodial wallets, allowing them to leverage the holdings in decentralized finance applications. Bitwise, which already offers various crypto products, aims to expand its offerings further.