Introducing Strats by Bitwise, powered by Coinbase and Glider
Bitwise Asset Management, which held $9 billion in client assets as of July 1, 2026, has launched Strats: institutionally managed investment strategies that run directly in an investor's own wallet. The first Strats are built on Coinbase tokenized US stocks and are available on Glider.
Having a professional manager run a strategy has usually meant buying into a pooled vehicle and handing over the assets to it. With a Strat, the manager still runs the strategy and the investor still holds the assets.
Each company handles a different part of it. Bitwise builds the strategy and decides what it holds and at what weights. Coinbase issues each holding as a tokenized US stock, backed 1:1 by real shares with full shareholder rights. Glider is where an eligible investor opens the Strat, and Glider rebalances the holdings so the wallet keeps tracking the weights Bitwise sets.
A Strat is non-custodial. The tokenized stocks sit in the investor's own wallet, and neither Bitwise nor Glider ever holds them.
"There's no rule saying onchain asset management has to look like traditional asset management," said Matt Hougan, CIO of Bitwise. "YouTube isn't just NBC on the internet. Strats unlock a new ability to deliver thematic exposures to investors faster and with more precision than you can in many traditional structures. We're just scratching the surface here."
What a Strat does differently
Bitwise has managed crypto strategies for eight years across more than 70 products. Strats are the first time those strategies are delivered straight to a wallet, and holding the assets directly changes two things compared with an ETF, a mutual fund, or a tokenized fund.
- The first is what an investor can do with the holdings. A fund holder owns a claim on a pool and can only buy or sell that claim. A Strat holder owns the tokenized stocks themselves, so they can be borrowed against in onchain lending apps, or sold individually at a loss to offset gains elsewhere.
- The second is speed. A pooled vehicle can take months to build and longer to trade at meaningful size. A Strat is a set of holdings and target weights, so a manager can put a new theme in front of investors as soon as the tokenized stocks exist.
The first Strat is the Bitwise Mag7X Strat
The Bitwise Mag7X Strat holds eight of the largest companies in the world at equal weight: the seven companies commonly called the Magnificent 7, plus SpaceX, which listed on the Nasdaq on June 12, 2026.
More Bitwise Strats are coming soon.
Who can hold a Strat
Coinbase tokenized stocks and Bitwise Strats are available only to persons in eligible jurisdictions outside the United States.
For an investor outside the US, owning a portfolio of large US companies has usually meant a US broker that may not accept them, currency conversion costs, or no access at all. Holding a Strat requires no US residency, no US bank account, and no US brokerage account. Availability depends on local eligibility rules.
How to get started
Eligible investors can open the [Bitwise Mag7X Strat]([STRATEGY URL]) on Glider. After the first deposit, Glider rebalances the Strat in the background to the weights Bitwise sets, and the tokenized stocks stay in your own wallet the whole time.
FAQ
What is a Strat?
A Strat is an investment strategy designed and managed by Bitwise Asset Management that runs inside an investor's own wallet instead of inside a pooled fund. Bitwise sets the holdings and target weights, each wallet tracks those weights automatically, and the investor holds the underlying tokenized stocks directly.
Who holds the assets in a Strat?
The investor does. Strats are non-custodial, so the tokenized stocks sit in the investor's own wallet at all times. Bitwise does not take custody of them, and neither does Glider.
What are the tokenized stocks in a Strat?
Each position is a Coinbase tokenized US stock, backed 1:1 by real equity shares with full shareholder rights. Coinbase issues them and they track the price of the underlying company.
Can someone in the US hold a Strat?
No. Coinbase tokenized stocks and Bitwise Strats are available only to persons in eligible jurisdictions outside the United States, and availability depends on local eligibility rules.
These are stocks, and stock prices fall as well as rise. Past returns do not predict future performance. Each position is a tokenized stock issued by Coinbase, and you can read [how it works and how it is backed]([COINBASE DOCS URL]). Transfers can be blocked for addresses subject to sanctions or similar rules, and parts of the token contracts can be paused. Availability depends on local eligibility rules and Strats are not open to US persons. None of this is investment advice; what an investor chooses to hold is their decision.
