fbpx
Skip to content Skip to sidebar Skip to footer

Bitwise Launches World’s First Uniswap & Aave Funds

Bitwise Asset Management announced that it has launched the Bitwise Uniswap (UNI) Fund and the Bitwise Aave (AAVE) Fund. They will join the Bitwise DeFi Crypto Index Fund in helping professional investors to access the DeFi space with greater ease.

Financial advisors, hedge funds, institutions, and other professional investors are increasingly demanding exposure to the rapid-growing DeFi markets. Uniswap and Aave are two of the largest DeFi protocols in Bitwise’s DeFi index.

Bitwise’s vision is to make the opportunities emerging in crypto more accessible, and we’re thrilled to take another step with the world’s first Uniswap and Aave investment funds.

 

Matt Hougan, CIO of Bitwise

The Bitwise Uniswap Fund will invest directly in UNI, Uniswap’s native token. Uniswap, the largest decentralized exchange in the world, handled over $60 billion in trading volume in June 2021 alone.

As for the Bitwise Aave Fund, it will invest directly in Aave protocol’s native token AAVE. The total outstanding loans on Aave’s platform have increased from $93.7 million to $6.92 billion in a year from July 2020 onwards.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us