At one point, the FTX’s FTT token was one of the biggest coins in the market and was eligible for the Bitwise 10 Crypto Index Fund. But, Bitwise never added it to the fund. Bitwise’s Matt Hougan joined What Goes Up to discuss why the fund snubbed FTT
The collapse of Sam Bankman-Fried’s FTX cryptocurrency empire was accelerated when the head of a rival exchange announced he was planning to dump holdings of something called FTT—a token created by FTX that afforded some perks to investors who owned it. At one point, the token was one of the 10 biggest coins in the market, which would have made it eligible for the Bitwise 10 Crypto Index Fund.However, Bitwise never added FTT to the fund.
”The collapse of Sam Bankman-Fried’s FTX cryptocurrency empire was accelerated when the head of a rival exchange announced he was planning to dump holdings of something called FTT—a token created by FTX that afforded some perks to investors who owned it. At one point, the token was one of the 10 biggest coins in the market, which would have made it eligible for the Bitwise 10 Crypto Index Fund.However, Bitwise never added FTT to the fund.
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