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

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

Assets under management have doubled since the fourth quarter, highlighting growing mainstream adoption of Bitcoin and other cryptocurrencies. Bitwise, a leading cryptocurrency fund manager, reported another major milestone on Tuesday as the 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 the total AUM. Hunter Horsely, Bitwise’s CEO, said the crypto industry is at a “turning point” with respect to....


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