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Bitwise CIO reveals why Polygon is an “obvious” choice for a single asset fund
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Owing to the large institutional demand for cryptocurrencies that has propped up over the past few years, crypto asset managers have been devising ingenious channels through which to satiate this interest for crypto exposure. Bitwise, which is the world’s largest crypto index fund manager and already has multiple index funds dedicated to Bitcoin, Ethereum, and the DeFi sector. It recently unveiled a Polygon fund to give its clients access to its MATIC token.
This move was taken due to the demand for “specific exposure to very exciting assets”, according to Bitwise CIO Matt Hougan, who added that Polygon was an “obvious” choice for this while speaking in a recent interview.
Polygon is a Layer-2 scaling solution that seeks to solve Ethereum’s
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