Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure

Posted on by American Coins & Gold

Bitwise Launches Polygon Fund for Ethereum-Scaling Exposure
Cryptocurrency index fund manager Bitwise Asset Management formed a Polygon fund to give investors exposure to the layer 2′s native MATIC token. The fund will test the thesis of whether the popular Ethereum scaling solution has staying power.Polygon allows developers to build applications that integrate with the Ethereum mainnet, Bitwise highlighted in a statement Wednesday.“For years, the excitement around crypto’s most promising use cases, including DeFi [decentralized finance] and NFTs [non-fungible tokens], has been muted by the fact that Ethereum simply isn’t built to handle it all yet,” Matt Hougan, Bitwise’s chief investment officer, said in a statement. Hougan sees…