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Introducing Automated Token Portfolios (ATPs).
The first institutionally managed strategies that live directly in your custody.
Today, @Bitwise is launching the Mag7X, the first in a series of ATPs.
The first institutionally managed strategies that live directly in your custody.
Today, @Bitwise is launching the Mag7X, the first in a series of ATPs.
Today, Bitwise is launching Automated Token Portfolios (ATPs): institutionally designed model portfolios for tokenized stocks that live directly in your crypto wallet—powered by @coinbase Tokenized Stocks.
Bitwise designs the model, you hold the tokenized stocks in your own eeps your holdings aligned automatically, without ever taking custody.
Only available to non-U.S. persons (as defined in Regulation S of the Securities Act of 1933) in eligible jurisdictions outside of the U.S. 🧵
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Brian retweeted
The Magnificent Seven + SpaceX ($SPCX) in one portfolio. Not something you'd find at your usual brokerage.
Bitwise Mag7X brings all eight together, plus an extra 8% p.a. in boosted rewards, separate from the portfolio's market performance.
Now available on Glider.
Bitwise Mag7X brings all eight together, plus an extra 8% p.a. in boosted rewards, separate from the portfolio's market performance.
Now available on Glider.
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Brian retweeted
Everyone has a story of missed investment riches.
Agents promise to fix that. After building systems across prediction markets, crypto, perps and stocks, we think most won’t... yet.
"10 hard problems in agentic investing" (written w/ @SpinFN)
Thread + bitkraft.vc/insights/10-ha…
Agents promise to fix that. After building systems across prediction markets, crypto, perps and stocks, we think most won’t... yet.
"10 hard problems in agentic investing" (written w/ @SpinFN)
Thread + bitkraft.vc/insights/10-ha…
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I don’t think anyone has quite cracked agentic investing.
If you think a chat bot that trades is it, you are either not a real investor or have not thought deeply enough about UX.
As finance gets more complex, agents are a way to democratize access and shrink the timeframe from idea to portfolio.
Great piece from @cegapereira and @BITKRAFTVC about the problems that need attention.
If you think a chat bot that trades is it, you are either not a real investor or have not thought deeply enough about UX.
As finance gets more complex, agents are a way to democratize access and shrink the timeframe from idea to portfolio.
Great piece from @cegapereira and @BITKRAFTVC about the problems that need attention.
Everyone has a story of missed investment riches.
Agents promise to fix that. After building systems across prediction markets, crypto, perps and stocks, we think most won’t... yet.
"10 hard problems in agentic investing" (written w/ @SpinFN)
Thread + bitkraft.vc/insights/10-ha…
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As we’ve seen with assistant agents like Muse and Instinct, you cannot expect 3rd parties to permit agent access. (i.e. Amazon banning agents).
The same goes for brokerage. Every agent building for Robinhood, Fidelity, or other brokerage accounts is one step away from obsolescence.
Permissionless or bust.
The same goes for brokerage. Every agent building for Robinhood, Fidelity, or other brokerage accounts is one step away from obsolescence.
Permissionless or bust.
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.@andrewhong5297 continues to be at the forefront of onchain finance.
While we may not agree on everything (people rarely do), we both want to grow the onchain investing space.
There are decades of learnings from traditional finance that have shaped it into what it is today. The goal is not to reinvent, but to replatform.
While we may not agree on everything (people rarely do), we both want to grow the onchain investing space.
There are decades of learnings from traditional finance that have shaped it into what it is today. The goal is not to reinvent, but to replatform.
Crypto needs to stop throwing tech terms at finance people, and also actually understand the normal lifecycle of financial agreements.
I put together the TCO framework to standardize how we talk about the product lifecycles in both tradfi and defi 👇
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Brian retweeted
Most people follow other people’s opinions when it comes to trading and investing.
So if your trading app does not natively show your users “other people’s opinions” about what they are trading, it means they are getting it from somewhere else (news, scrolling X, etc.) and they are splitting time between your app and someone else’s.
So if your trading app does not natively show your users “other people’s opinions” about what they are trading, it means they are getting it from somewhere else (news, scrolling X, etc.) and they are splitting time between your app and someone else’s.
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I expect zero traction on the OKX x ICE joint venture.
Irregardless of these companies opting out of tokenized versions of their shares, there is no maker or taker demand. No professional market maker wants to use AMMs (they are not capitally efficient). And investors/traders already have traditional access, why would anyone look for an alternative? (As a reminder these stocks are permissioned with no DeFi composability).
The even bigger problem: it’s anti-American to settle stocks on xLayer, a corporate offshore chain.
ICE you could have chosen a neutral chain like Ethereum or Solana. Now, instead, every trade benefits a non-American corporation.
In the end, @coinbase, @RobinhoodCrypto, @Ondo, and @xStocksFi permissionless equities will win. It’s not a matter of if, it’s a matter of when. And btw they are already winning: just look at their market share vs. permissioned competitors.
Irregardless of these companies opting out of tokenized versions of their shares, there is no maker or taker demand. No professional market maker wants to use AMMs (they are not capitally efficient). And investors/traders already have traditional access, why would anyone look for an alternative? (As a reminder these stocks are permissioned with no DeFi composability).
The even bigger problem: it’s anti-American to settle stocks on xLayer, a corporate offshore chain.
ICE you could have chosen a neutral chain like Ethereum or Solana. Now, instead, every trade benefits a non-American corporation.
In the end, @coinbase, @RobinhoodCrypto, @Ondo, and @xStocksFi permissionless equities will win. It’s not a matter of if, it’s a matter of when. And btw they are already winning: just look at their market share vs. permissioned competitors.
THE BLOCK: Nine companies, including CoreWeave, Broadcom, Verizon and UnitedHealth, have objected to tokenized versions of their shares trading on OKXICE, the OKX-ICE joint venture.
Nasdaq also says it will opt out of having its own shares tokenized under the SEC framework.
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We continue to focus on what I call "back-door" problems in onchain finance rather than "front-door" problems and it's severely limiting adoption.
Back-door problems:
- Options (@DeriveXYZ)
- Tranching (@roycoprotocol)
- STRIPS (@pendle_fi / @ExponentFinance
- @papertrade_xyz
- Exotic stables (@ethena, @SkyEcosystem)
Front-door problems:
- Onramping money
- Removing anything to do with crypto (chains, gas)
- Abstracting anything to do with wallets
The back-door problems, while innovative, compete for the same set of onchain users. They do not expand the TAM. Many of them are niches within niches.
Rather than refining your protocol, you are better off figuring out a way to grow the TAM via front-door problems. If not, I predict you will be replaced.
In fact, I predict many of these protocols will be replaced by apps that solve "front-door" problems.
In a few years, we will look back and say, "Remember that era when we all had chrome extensions and physical hardware wallets." I see no world where that becomes the norm.
The companies that solve front-door problems will be the ones that dictate which back-door companies survive. You have been warned.
Back-door problems:
- Options (@DeriveXYZ)
- Tranching (@roycoprotocol)
- STRIPS (@pendle_fi / @ExponentFinance
- @papertrade_xyz
- Exotic stables (@ethena, @SkyEcosystem)
Front-door problems:
- Onramping money
- Removing anything to do with crypto (chains, gas)
- Abstracting anything to do with wallets
The back-door problems, while innovative, compete for the same set of onchain users. They do not expand the TAM. Many of them are niches within niches.
Rather than refining your protocol, you are better off figuring out a way to grow the TAM via front-door problems. If not, I predict you will be replaced.
In fact, I predict many of these protocols will be replaced by apps that solve "front-door" problems.
In a few years, we will look back and say, "Remember that era when we all had chrome extensions and physical hardware wallets." I see no world where that becomes the norm.
The companies that solve front-door problems will be the ones that dictate which back-door companies survive. You have been warned.
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A great example of this is Lighter and Robinhood.
While the relationship exhibits mutualism today, Robinhood has solved front door problems, while Lighter has solved back door problems. Like what happened to Kalshi, I expect Robinhood to also cut out Lighter.
Lighters time is best spent solving front door problems than anything else.
While the relationship exhibits mutualism today, Robinhood has solved front door problems, while Lighter has solved back door problems. Like what happened to Kalshi, I expect Robinhood to also cut out Lighter.
Lighters time is best spent solving front door problems than anything else.
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As verticalization takes place, DeFi starts to look more like CeFi.
And maybe that's okay.
And maybe that's okay.
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Extractive trading apps can only go for so long. Eventually the gig is up. No more users you can skim.
When you build an app where your users actually earn, they stick with you. The app wins when they win. Wealth generation.
@glider__
When you build an app where your users actually earn, they stick with you. The app wins when they win. Wealth generation.
@glider__
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Who provides ACH onramping to stablecoins in New York?
Looking for a provider who can faciliate onramping volumes in the millions.
CT do your thing.
Looking for a provider who can faciliate onramping volumes in the millions.
CT do your thing.
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Chains are realizing that narrative chasing and speculative assets can only take you so far.
I’d much rather build a long term sustainable business disjoint from cycles.
Narratives come and go. Investing never goes out of style.
@glider__
I’d much rather build a long term sustainable business disjoint from cycles.
Narratives come and go. Investing never goes out of style.
@glider__
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You can't trust PNL for a single account / wallet on any app or exchange.
For example, this is my hedge wallet on @OndoPerps.
I'm up big on the other side, but it looks like I'm running this straight into the ground.
For example, this is my hedge wallet on @OndoPerps.
I'm up big on the other side, but it looks like I'm running this straight into the ground.
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Brian retweeted
Another one powered by Glider.
30+ automated strategies now live on @Hyperdex_app.
Your favourite portfolios in more places.
30+ automated strategies now live on @Hyperdex_app.
Your favourite portfolios in more places.
Tokenized baskets just got an upgrade.
In partnership with @glider__
→ 30+ automated baskets, rebalanced for you
→ Themes spanning AI chips, nuclear energy, gold, and more
→ Live on @base & @BNBCHAIN
Whole portfolios. One token. One buy.
Invest → hyperdex.app/rwa-baskets
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