Bitwise Announces Automated Token Portfolios (ATPs) Featuring Coinbase-Issued Tokens
On August 25, Bitwise announced the launch of three automated token portfolios (ATPs), which will be built using tokenized U.S. stocks issued by Coinbase Global (COIN). ATPs are professionally curated baskets of stocks held in a crypto wallet and resemble ETFs but with direct investor control over tokens. These portfolios can be used within DeFi applications, offering flexibility not available when holding traditional stocks directly. Bitwise's flagship ATP is called Mag7X, which includes the Magnificent Seven stocks plus Space Exploration Technologies at equal weights. The portfolio charges a 0.15% access fee as of August 2026 and will be rebalanced daily by partner Glider to maintain target allocations. While U.S. investors cannot currently legally use ATPs due to regulatory constraints, the SEC is working on tokenized securities exemptions expected in 2027. ATPs may offer a new way for crypto-native users with limited traditional financial exposure to access major stocks without setting up brokerage accounts. However, potential tax inefficiencies from daily rebalancing remain a concern.
Tickers: $COIN
Topics: ATPs Bitwise Coinbase tokenized stocks