Live Webinar  •  The Value Exchange

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Join us on September 19 at 11:00 a.m. ET (5:00 pm CET) for the next edition of The Value Exchange where we will discuss our latest research report, "Ethereum Investment Thesis: Ethereum's Potential as Digital Money and a Yield-Bearing Asset."

With special guest Bitwise Asset Management Chief Investment Officer, Matt Hougan, we will unpack the different investment narratives around the Ethereum network and its underlying asset, ether.

Featured topics:

  • Is Ethereum better understood as a technology platform or store of value?
  • How should investors interpret staking and its attributes as a form of yield?
  • What technical risks and unknowns could potentially slow or hinder Ethereum’s growth?

Reserve your spot today!

This webinar may be attended on an invite-only basis. Please submit the form to request attendance and a confirmation will be provided prior to the event with your access details.

Ethereum Investment Thesis:

The Fidelity Digital Assets℠ Ethereum Investment Thesis analyzes the investment prospects of Ethereum the network and its underlying token, ether (ETH). First, Ethereum’s economics, or “tokenomics,” are considered to understand how ether accrues value. Second, Ethereum is viewed through a lens of two different investment theses: aspiring money, and a yield-bearing asset.

Traditional and new methods are used to attempt to value Ethereum based on growth, usage, price valuation, supply and demand, yield, and more. The data shows that, while Bitcoin continues to dominate the broader digital asset market in terms of market cap and asset price, Ethereum adoption and network activity have continued to grow year-over-year. However, viewing Bitcoin and Ethereum side by side is not an apples-to-apples comparison. The two networks have distinctly different use cases, underlying infrastructure, consensus mechanisms, yield opportunities, monetary policies, and decentralization, among others.

Read the Full Report

About Ethereum:

While many digital assets have failed or proved inferior to Bitcoin, Ethereum has solidified itself as a uniquely different digital asset. Inspired by Bitcoin, the second-largest digital asset by market cap offers alternative value propositions, potential use cases, and exciting network upgrades.

For an introductory primer on the basics of Ethereum, such as its history, potential investment thesis, and risks, read the full report here.

Featured Guests:

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Matt Hougan, Chief Investment Officer of Bitwise Asset Management

Matt Hougan is one of the world’s leading experts on crypto, ETFs, and financial technology. He is the Chief Investment Officer for Bitwise Asset Management, the world’s largest provider of cryptocurrency index funds. He was previously CEO of and Inside ETFs, where he helped build the world’s first ETF data and analytics system, the leading ETF media site, and the world’s largest ETF conference.

Matt is co-author of two publications for the CFA Institute Research Foundation: “A Comprehensive Guide to Exchange-Traded Funds” and “Cryptoassets: The Guide to Bitcoin, Blockchain and Cryptocurrencies for Professional Investors.”

He is a crypto columnist for Forbes, a three-time member of the Barron’s ETF Roundtable, a member of the ETFdb’s ETF Hall of Fame, and the eighth person to receive a Lifetime Achievement Award from for contributions to the ETF industry.

Hougan sits on the board of directors for Equbot, creator of the first AI-driven ETFs (in partnership with IBM Watson), and is a strategic advisor to multiple crypto- and financial advisor-related startups, including Blockworks, Stratifi, and Advisor Circle.

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Christopher Kuiper, CFA®, Director of Research at Fidelity Digital Assets

Chris Kuiper is Director of Research for Fidelity Digital Assets, which provides enterprise-grade digital asset solutions for institutional investors. Chris contributes to and oversees the research creation process, working closely with sales and marketing to provide leading education and resources to clients.

Prior to joining Fidelity Digital Assets, Chris served as Vice President of equity research at CFRA Research, one of the largest independent global investment research providers. There he covered financial exchanges as well as payment and fintech companies, while also expanding CFRA’s research capabilities to include bitcoin and led the creation of CFRA’s research methodology. Chris also previously served as a research analyst at various asset management firms, as well as a research fellow at the Mercatus Center, a university-based public policy research center where he focused on technology- and finance-related public policy issues.

Chris holds an MA in Economics from George Mason University as well as a BA in Business Administration from Dordt University. Chris Kuiper is a CFA® charterholder.

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Jack Neureuter, Research Analyst at Fidelity Digital Assets

Jack Neureuter is a Research Analyst for Fidelity Digital Assets. Jack spends his day-to-day researching, writing, and speaking with institutional clients about macroeconomics and the digital asset ecosystem that is emerging to help increase comfort levels and bridge the knowledge gaps that exist between traditional asset managers and the digital asset space.

Prior to his current role, Jack spent time working on the curriculum team for the Chartered Alternative Investment Analyst Association (CAIA) and with Fidelity’s Prime Brokerage team creating portfolio analytics tools for hedge fund investors. Jack graduated from the honors college at the University of Massachusetts Amherst with a degree in finance and economics.

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