San Francisco-based digital asset management firm – Bitwise Asset Management – has announced the launch of its Bitwise Polygon (MATIC) Fund.
According to an official press release shared with CryptoPotato, the Fund will serve as a professionally managed investment vehicle that will give Bitwise’s wealthy clients access to MATIC, the Polygon network native cryptocurrency.
The firm noted that only accredited Bitwise clients can qualify for private placement subscriptions to the new product, with a minimum investment of $10,000 and weekly redemptions.
A Rising Star
Commenting on the development, Matt Hougan, the Chief Investment Officer at Bitwise, said the firm chose to launch a Fund for MATIC because of Polygon’s breakthrough in solving Ethereum’s inability to single-handedly cater for all the most promising use cases of cryptocurrencies, including DeFi and NFTs.
“For years, the excitement around crypto’s most promising use cases, including DeFi and NFTs, has been muted by
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