Bitwise Launches Non-Custodial DeFi Vaults With Morpho

Core Insights - Bitwise Asset Management has partnered with Morpho to launch non-custodial on-chain vaults aimed at generating yield [1][2] - The first vault is projected to secure an annual percentage yield (APY) of 6% through overcollateralized lending pools [2][3] - Bitwise describes on-chain vaults as "ETFs 2.0," anticipating a potential 100% increase in assets under management (AuM) this year [4] Company Developments - Bitwise is actively expanding its presence in the crypto ETF market, having launched several altcoin funds [5] - The Bitwise Chainlink ETF, launched in mid-January, is notable for being the second fund in the U.S. to offer direct ownership of LINK tokens [5] - The fund features a 0.34% management fee, which is waived for the first three months on the initial $500 million in assets [6] Strategic Focus - The collaboration with Morpho emphasizes the importance of vaults in the evolving on-chain finance landscape, providing a transparent method for investors to earn digital yield [3] - Jonathan Man, Bitwise's portfolio manager, will lead the curation, strategy, and risk management for the vaults [3]