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Life in Crypto After FTX

What Goes Up

CHAPTER

Is There a 55% Discount to the BitWise 10?

The BitWise 10 crypto index fund, about 316 million in assets, holds the 10 biggest cryptos. The net asset value is like 15 bucks and change per share; its share price is less than seven dollars. That's sort of a 55% discount to the actual assets that you're holding in that fund. But once we're allowed to, we will convert this fund to an ETF, likely to largely if not entirely eliminate that discount.

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