Crypto Asset Manager Bitwise Raises $70 Million in Latest Funding Round
Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors — including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, […]
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On February 2, the crypto asset manager, Bitwise Asset Management, announced it had filed a Form 211 with the U.S. Financial Industry Regulatory Authority (FINRA). If the proposal is approved Bitwise will be able to deploy its shares publicly via over-the-counter (OTC) desks and secondary markets. Bitwise Plans to Compete With Grayscale’s Bitcoin Trust The popular cryptocurrency index fund provider, Bitwise Asset Management, hopes to get regulatory approval from America’s financial regulators in order to publicly list the Bitwise Bitcoin Fund on OTC markets. The Bitwise....
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]
A top ten crypto index by Bitwise has outperformed the assets themselves as FOMO takes hold. Leading crypto fund manager Bitwise Asset Management has announced that its 10 Crypto Index Fund is trading at a much higher premium than the underlying assets it represents.The BITW fund saw record initial trading volumes with shares in the crypto fund surging to 369% higher than the value of the Bitcoin, Ethereum, and eight other crypto assets, that it holds.Bloomberg reported that the divergence indicates that institutional investors, hedge funds, and retail traders, are happy to pay a premium....
Bitwise has attracted significant investments from major American institutional investors to the tune of $70 million. Bitwise, a four-year-old crypto asset management firm, has closed a Series B funding round, raising $70 million in fresh capital from investors.According to a report by CNBC on Tuesday, major Wall Street figures such as billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller and David McCormick, CEO of asset management giant Bridgewater Associates, participated in the funding.Commenting on the stellar cast of investors, CNBC quoted Bitwise CEO Hunter Horsley....
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.