The US-based Bitwise Asset Management is one of the leading providers of crypto index funds and ETFs. Bitwise has a six-year track record focused solely on crypto and aims to provide investors with professional-grade, rules-based exposure to the crypto asset class through its index funds and ETFs. The company announced the acquisition of London-based ETP issuer ETC Group.
Over the last few years, Bitwise has achieved some remarkable milestones. Some key facts about the company:
- Bitwise pioneered the first cryptocurrency index fund and is one of the largest crypto asset managers, with over $4.5 billion in assets under management (AUM) as of August 2024.
- The company offers a broad suite of crypto investment products, including the Bitwise 10 Crypto Index Fund (BITW), which holds the top 10 cryptocurrencies weighted by 5-year diluted market cap, rebalanced monthly.
- Bitwise also offers a range of crypto ETFs, including the Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP), Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), and Bitwise Crypto Industry Innovators ETF (BITQ).
- In August 2024, Bitwise acquired London-based crypto asset manager ETC Group, which manages over $1 billion in assets, further expanding the company’s presence in Europe. .
So in summary, Bitwise is a pioneer and major player in the crypto fund and ETF space, offering a range of institutional-grade products to provide investors with diversified exposure to the growing crypto economy.
CategoriesCrypto
