Table 3.1A Comparison of Digital Asset and Public Company Market Capitalizations: November 30, 202135
Table 3.2Market Capitalization Weighting of the Bitwise 10 Crypto Index Fund: November 30, 202136
Table 4.1Overview and Description of Selected Cryptocurrencies52
Table 4.2One-year Pearson Correlations Between Prices of Major Cryptocurrencies56
Table 5.1A Comparison of Key Characteristics of STOs, IEOs, and ICOs67
Table 5.2A Regression Analyses of the Amount Raised (Log in $ Million)69
Table 8.1Comparison of Security Tokens and Tokenized Securities111
Table 8.2How Tokenization Benefits Business, Stakeholders, and the Traditional System113
Table 10.1Key Differences between CeFi and DeFi145
Table 13.1A Portfolio With and Without Bitcoin189
Table 13.2Regression Results195
Table 19.1Advantages of CBDCs287
Table 19.2Disadvantages of CBDCs288
Table 19.3A Comparison of Six Types of Money290
Table 19.4CBDC Representations, Attributes, and Design Considerations292
Table 19.5Account-based System: Advantages and Disadvantages294
Table 19.6Token-based System: Advantages and Disadvantages295
Table 19.7Architectural Designs Attributes298

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