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Bitcoin Hitting New ATHs: Remaining bullish on crypto but getting cautious on Bitwise 10 Crypto Index Fund (BITW) due to the high NAV premium

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Bitcoin continues its climb, reaching new all-time highs (ATHs), and now sitting at ~$23,000. Crypto markets more broadly have continued to rally as well, leaving many investors looking for a means to gain asset class exposure. Many have turned to exchange listed trust products like Bitwise, which has seen prices sore lately. The rally which cooled during the latest session, has led to a sizable NAV premium, and we would caution investors against buying at current levels.

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