Bitcoin ETF aspirant, Bitwise Asset Management has moved one step closer to cementing its position as one of the leading crypto asset management firm.
According to a press release published today April 25, the Nasdaq Dorsey Wright (NDW) Research Platform will now list Bitwise’s Crypto Index family and Point and Figure charts for crypto assets.
The Nasdaq Dorsey Wright (NDW) Research Platform is one of the most broadly used platforms for financial advisors. Combining it with Bitwise’s highly accurate crypto data will allow financial advisors to ‘evaluate the technical health of cryptocurrencies using one of the most established technical analysis methodologies,’ the release noted.
Bitwise’s CEO Hunter Horsley expressed delight that NDW one of the most established names in technical analysis for financial advisors decided to adopt their Indexes. He believes the timing is also perfect since “2019 is the year that financial advisors have gotten serious about evaluating crypto for client portfolios.”
Among other indices and prices that Bitwise will bring to the NDW research platform are daily pricing and description of more than 200 cryptocurrencies which should offer a quick and clear overview of technical health of the entire ecosystem.
The release also spots an important survey Bitwise, and ETF Trends carried out in 2018. The results showed that 79% of financial advisors got an inquiry about crypto from their clients last year while 22% of them are considering allocating a portion of their portfolio to crypto in 2019.
As noted earlier Bitwise’s latest milestone has come at a time when it is waiting for the SEC’s decision regarding a Bitcoin ETF application which many enthusiasts believe could get a green light from the regulators.