Bitwise

Bitwise Bitcoin ETF Investment Case

BITB was developed by crypto specialists at Bitwise. Our firm has a six-year track record of managing crypto assets on behalf of financial advisors, family offices, and institutions, through bull and bear markets alike. We do one thing only, and that’s crypto. Bitwise Bitcoin ETF Investment Case

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The Elusive Spot Bitcoin ETF: A History

This paper provides a concise history of efforts to launch a spot bitcoin ETF in the U.S. and an overview of the remaining sticking points on the path to approval. It also covers the potential pathway to one launching in the next six months, key dates to watch, and the potential size of a spot…

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The $55 Billion Bitcoin ETF: Bitwise Weekly CIO Memo

How much money will flow into spot bitcoin ETFs when they launch? $55 billion. Not all in Day 1 or even Year 1, but that’s my best guess for flows over the next five years. Of course, predicting anything is difficult, and I could be off. But a lot of people have asked me recently…

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Bitcoin vs. Gold

Bitcoin and gold have key similarities and differences. “The role of crypto is digitizing gold.” That’s not a quote from a twenty-something crypto trader. That’s BlackRock CEO Larry Fink, speaking about bitcoin on Fox News in July 2023. He’s not alone. From hedge fund giants like Paul Tudor Jones to crypto leaders like Coinbase CEO…

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Crypto Market Quarterly Review Q3

The best word to describe crypto during the third quarter of 2023 is “quiet.” Prices drifted downwards, with the Bitwise 10 Large Cap Crypto Index falling roughly 13%. Trading volumes were the lowest in nearly three years. Even big news stories—usually a constant in crypto—were few and far between. Read Crypto Market Quarterly Review Q3

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What is bitcoin?

Bitcoin brings money into the Internet Era. Bitcoin is a monetary asset that’s designed for the Internet Era. People get excited about bitcoin because it makes the following changes to the traditional financial ecosystem possible: Read What is bitcoin?

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12 Real-World Examples of Crypto in Action

Using apps like Facebook, Twitter, and LinkedIn comes with a big cost: Everything you create—your profile, your followers, your posts—is their property. To get around this, Farcaster has built a blockchain-based social media platform where individuals own their follower list, content, and username. Read 12 Real-World Examples of Crypto

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Tax-Loss Harvesting in Crypto: A Significant and Underexplored Opportunity for Financial Advisors

Tax-loss harvesting involves risks. These include, but are not limited to, the possibility that the strategy might result in a negative return contribution and unintended tax consequences. No information in this report is tax advice: The simulations contained herein are intended for illustrative and educational purposes only and those considering implementing a tax-loss harvesting strategy…

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Crypto 101: Bitcoin, Blockchain and Crypto

Investors can no longer ignore questions about crypto and its potential role in portfolios. In this presentation, Bitwise CIO Matt Hougan examines the basics of crypto from a professional investor’s point of view: What’s a blockchain? What made bitcoin groundbreaking? And why are there thousands of crypto assets? Watch this video for a clear, straightforward,…

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**”Gross Expense Ratio” reflects a fund’s total annual operating expenses as stated in the fund’s prospectus and does not reflect any expense reimbursements or waivers that may exist. This mutual fund may be subject to expense reimbursements and waivers, and less such reimbursements and waivers may have lower total annual operating expenses (i.e., “Net Expense Ratio”) than indicated herein. Please read the fund prospectus carefully to determine the existence of any expense reimbursements or waivers and details on their limits and termination dates.

Before you invest in an ETF or send money, you should read the prospectus of the ETF carefully and consider the investment objectives, risks, charges, and expenses for the ETF. You can receive a prospectus for each ETF by sending a secure message on our online platform.

Particular ETFs may not be appropriate investments for all investors, and there may be other ETFs or investment options available through Axos Invest LLC that are more suitable.

A mutual fund is not FDIC-insured, may lose value, and is not guaranteed by a bank or other financial institution.

Performance quoted represents past performance, is no guarantee of future results, and may not provide an adequate basis for evaluating the performance of the product over varying market conditions or economic cycles. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.

No-transaction-fee funds and other funds offered through Axos Invest have other fees and expenses that apply to a continued investment in the fund and are described in the prospectus.

Mutual funds, closed-end funds and exchange-traded funds are subject to market, exchange rate, political, credit, interest rate, and prepayment risks, which vary depending on the type of fund. International investments involve special risks, including currency fluctuations and political and economic instability. Asset allocation and diversification do not eliminate the risk of experiencing investment losses. Fund purchases may be subject to investment minimums, eligibility and other restrictions, as well as charges and expenses.

Research and planning tools are obtained by unaffiliated third-party sources deemed reliable by Axos Invest. However, Axos Invest does not guarantee their accuracy and completeness and makes no warranties with respect to results to be obtained from their use. The reports are for informational purposes only.

ETFs are subject to risk similar to those of their underlying securities, including, but not limited to, market, investment, sector, or industry risks, and those regarding short-selling and margin account maintenance. Some ETFs may involve international risk, currency risk, commodity risk, leverage risk, credit risk, and interest rate risk. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors.

Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, small-capitalization securities, and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).