BULLISH 📈 : Bitwise and Morpho launch non-custodial DeFi vaults for yield

Bitwise Asset Management has partnered with DeFi lending protocol Morpho to launch non-custodial on-chain vaults aimed at generating yield.

Key Points

Bitwise plans to offer on-chain vaults with a targeted annual percentage yield (APY) of 6% by investing in overcollateralized lending pools.
Jonathan Man, Bitwise portfolio manager, will lead "curation, strategy, and risk management" for these vaults.
On-chain vaults are considered integral to digital finance, offering transparent yield opportunities.

Bitwise is expanding its presence in the crypto ETF market, having launched several altcoin funds.
The Bitwise Chainlink ETF was introduced on NYSE Arca under the ticker CLNK, being the second U.S. fund offering direct LINK token ownership.
A management fee of 0.34% is waived for the first three months on the initial $500 million in assets.
Another recent launch, the Bitwise Proficio Currency Debasement ETF, includes investments in [BTC](https://holder.io/coins/btc/), gold, precious metals, and mining stocks.