Bitwise Crosses $500 Million in Assets Under Management

Bitwise Crosses $500 Million in Assets Under Management

By Capital Markets CIO Outlook | Wednesday, January 13, 2021

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which offer low-cost, professionally managed exposure to Ethereum and Bitcoin, respectively—have seen increased demand as well.

FREMONT, CA: Bitwise Asset Management, a leading provider of crypto index funds, has declared that it recently crossed $500 million in assets under management (AUM), after reporting $100 million in AUM on October 28, 2020.

The Bitwise 10 Crypto Index Fund (OTCQX: BITW), which looks to track an index of the 10 largest crypto assets—including Ethereum, Bitcoin, and Litecoin—has seen the strongest demand, recently crossing more than $400M in AUM.

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which offer low-cost, professionally managed exposure to Ethereum and Bitcoin, respectively—have seen increased demand as well.

"The speed at which professional investors are moving into crypto right now is remarkable," stated Hunter Horsley, co-founder and Chief Executive Officer of Bitwise. "While adoption of crypto as an asset class and conviction around its role in portfolios rapidly expands, we continue to urge all investors to consider the risks associated with investing in cryptocurrencies in general and the Bitwise Funds in particular."

Bitwise witnessed record inflows into its funds during Q4 2020, crossing the total cumulative inflows of 2018 and 2019 combined. The growing demand came primarily from Bitwise's core audience, investment professionals, including hedge funds, financial advisors, corporate balance sheets, and other institutional investors.

Bitwise specializes in educating as well as supporting professional investors, with a senior team and staff from firms like BlackRock, Eaton Vance, Fidelity, Wealthfront, J.P. Morgan, Facebook, and iCapital.

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