Bitwise assets under management hit $1B, fueled by professional investors

Bitwise assets under management hit $1B, fueled by professional investors


Bitwise, a leading cryptocurrency fund manager, reported another major milestone on Tuesday, as assets under management for its digital asset funds crossed $1 billion for the first time. 

The Bitwise 10 Crypto Index Fund, which provides diversified exposure to Bitcoin (BTC) and other leading cryptocurrencies, accounts for over 90% of total AUM.

Hunter Horsely, Bitwise’s CEO, said the crypto industry is at a “turning point” with respect to adoption. He explained:

Trending: Mitt Romney Has Joined The “Black Eye Club”

“We’re seeing accelerating demand from professional investors and financial advisors for exposure to crypto […] Professional investors value index funds because they provide exposure while delivering peace of mind that the strategy will be managed and rebalanced as the category evolves.”

The asset manager also reported growth across its family of funds, including its newly launched DeFi Crypto Index Fund, which provides sector exposure to decentralized finance projects. The DeFi fund includes cryptocurrencies such as Uniswap, Aave, Synthetix and Maker.

On the topic of DeFi fund

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend