The Nasdaq Dorsey Wright DWA Research Platform—a leading research provider for financial advisors—has added Bitwise‘s family of Crypto Index funds and Point and Figure charts to its platform.
The move, announced by Bitwise on Thursday, will allow financial advisors will be able to evaluate the technical health of the cryptocurrency market through the DWA Research Platform.
In total, four Bitwise indexes are featured on the platform, containing a selection of the top cryptocurrencies by market cap: Bitwise 10; Bitwise 20;Bitwise 70; and Bitwise 100. In addition, Bitwise will provide daily pricing and descriptions of over 200 digital assets to Nasdaq Dorsey Wright.
Speaking in a press release, Bitwise CEO Hunter Horsley expressed his excitement at the integration, describing 2019 as “the year that financial advisors have gotten serious about evaluating crypto for client portfolios.” He continued:
“Nasdaq Dorsey Wright is the most established name in technical analysis for advisors, and has served the advisor market for more than 30 years. We are thrilled they selected Bitwise and the Bitwise Crypto Indexes to power their new cryptoasset research capabilities.”
The Nasdaq Dorsey Wright DWA Research Platform boasts charts covering over 40,000 stocks, ETFs, and other securities. It provides tactical asset allocation guides, daily reports including market insights, ideas and more, to thousands of financial advisors.
Growing Interest in Crypto
According to a report conducted by Bitwise Asset Management in December 2018, 79% of a total 150 surveyed advisors received crypto-related questions from clients in 2018, with 22% planning to either start allocating crypto to client portfolios or expand existing allocations. The report concluded that after a brutal year-long bear market, “interest in crypto investing from financial advisors not only survived, but grew.”
Indeed, in spite of the 2018 bear market, the cryptocurrency market is looking better than ever. Last month, Boston-based market intelligence firm Flipside Ventures released an index that tracks the overall health of the crypto space, with surprisingly positive results.