Bitwise AUM surpasses $500 million as institutions flock to crypto
The fund manager’s inflows suggest investors are seeking broad exposure to cryptocurrencies, including Bitcoin and Ether. Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter of 2020 as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets.The firm’s assets under management, or AUM, surpassed $500 million, according to a Monday press release. That’s a considerable increase from the $100 million in AUM held on Oct. 28, 2020. The press release reads:“Bitwise saw record inflows into....
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Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
On Tuesday, Bitwise announced the launch of the Bitwise 10 Crypto Index ETF (BITW) on the New York Stock Exchange (NYSE), allowing investors to gain exposure to a diverse range of cryptocurrencies in a single investment vehicle. This ETF includes ten digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano […]
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, […]