Bitwise CEO Praises XRP ETF Performance Amid Record-Setting Inflows, Here Are...
The launch of XRP exchange-traded funds has quickly turned into one of the strongest openings the crypto ETF market has seen this year. Bitwise CEO Hunter Horsley publicly celebrated the early success of his firm’s product, pointing to a surge in investor interest that has driven inflows to nine figures in a couple of days. […]
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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....
Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs as inflows had hit a new record alongside assets under management. But it seems that this is changing. Coming off the back of what was 17 consecutive weeks of inflows, the market is now seeing movement in the opposite direction. While assets such as ethereum had previously recorded outflows at various....
Ethereum (ETH) registered a remarkable performance following Donald Trump’s victory in the November 5 US elections. The second-largest cryptocurrency by market capitalization has jumped 21.9% in the past three days, reigniting investors’ bullish sentiment for the crypto and ETH-based investment products. Related Reading: Ethereum L2 Project Spark Launches On-Chain Order Book On Fuel Network To Enhance Trading Ethereum ETFs See Third Best-performing Day Amid ETH’s price rally, spot Ethereum exchange-traded funds (ETFs) have recorded their best-performing day in 13 weeks. Launched in late....
Bitwise, one of the world’s fastest-growing crypto asset managers, has announced a $150K donation to Bitcoin development, in a rallying call for the whole industry. The donation will be distributed among three non-profit organizations: Brink, the Human Rights Foundation (HRF), and Open Sats. Bitwise representatives have described the donation as more than just charity work; […]
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 […]