Bitwise Asset Management has introduced automated portfolios of tokenized U.S. stocks issued by Coinbase, enabling eligible non-U.S. investors to follow predefined investment strategies while maintaining custody of the assets in their own wallets.
The portfolios utilize Coinbase’s recently launched tokenized stocks, with Glider executing trades and rebalancing holdings to align with Bitwise’s model portfolios. The initial offerings include three strategies: Mag7X, a concentration on the so-called Magnificent Seven tech giants, as well as portfolios focused on robotics and artificial intelligence leaders. Holdings in these strategies include shares of Apple, Nvidia, Microsoft, Tesla and SpaceX.
Tokenized listed stocks now total $2.49 billion, an increase of 5.18% over the past month, with 2.25 million holders and $27.28 billion in monthly transfer volume, according to data from rwa.xyz. Unlike traditional funds, the tokenized stocks remain in users’ non-custodial wallets, while Bitwise sets the portfolio methodology and Glider manages execution and rebalancing. Bitwise charges a 0.15% methodology access fee, excluding trading and Glider platform fees.
Because users retain control of the individual tokens, Bitwise noted that the assets could be deployed in decentralized finance applications for lending or borrowing, subject to the risks associated with those protocols. The launch follows Coinbase’s introduction of tokenized U.S. stocks on its Base network, which went live a day prior and enables eligible non-U.S. users to trade the assets around the clock while integrating with DeFi ecosystems.
