Crypto
Bitwise enters DeFi market with Morpho-based onchain vault strategy
Bitwise Asset Management has entered decentralised finance by launching its first onchain vault strategy based on the Morpho protocol, aiming for a 6 percent annual return in USDC, The Block reported. Multi-strategy head Jonathan Mann said the firm plans to diversify into other stablecoins, crypto assets, tokenised real-world assets, decentralised exchange liquidity provision and yield farming. Bitwise called the approach “ETF 2.0” and forecast its assets under management would double.
