Bitwise Surpasses $500 Million In Assets Under Management, As Crypto Demand Surges Amongst Professional Investors
Bitwise saw record Q4 inflows into its Bitcoin, Ethereum, and crypto index funds, outpacing all prior quarters.
Bitwise Asset Management, a leading provider of crypto index funds, announced that it recently surpassed $500 million in assets under management (AUM), after reporting $100 million in AUM.
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The Bitwise 10 Crypto Index Fund, which seeks to track an index of the 10 largest cryptoassets—including Bitcoin, Ethereum, and Litecoin—has seen the strongest demand, recently crossing over $400M in AUM.
The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which provide low-cost, professionally managed exposure to Bitcoin and Ethereum, respectively—have seen increased demand as well.
“The speed at which professional investors are moving into crypto right now is remarkable,” said Hunter Horsley, cofounder 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.”
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