Bitwise launches Coinbase-powered tokenized stock portfolios

Bitwise has launched three automated portfolios of Coinbase tokenized stocks for eligible non-U.S. investors, combining self-custody and automatic rebalancing for a 0.15% methodology fee. Summary Bitwise’s first portfolios cover the Magnificent 7 plus SpaceX, robotics companies and artificial intelligence leaders. Glider automatically adjusts users’ wallet holdings to match model weights published by Bitwise. Investors retain the tokenized stocks in non-custodial wallets instead of transferring them into a pooled fund. U.S. persons cannot access the portfolios, and the SEC has not approved or endorsed them. Bitwise tokenized stock portfolios begin with three themes Bitwise said in an Aug. 25 announcement that its Automated Token Portfolios, known as ATPs, will let eligible users copy professionally designed stock models inside their own wallets. Built by Bitwise Investment Manager, the rules-based models use Coinbase’s recently launched tokenized U.S. stocks. Glider, an independent platform, handles purchases and rebalancing after a user authorizes its session credentials. The first three portfolios will become available through Glider over the coming weeks. Bitwise set a 0.15% met...