According to social media posts, Bitwise Asset Management said on Tuesday that it raised $ 70 million from numerous investors, including electric capital, massmutual and Haun Ventures.
Bitwise said, “Bitwise has raised $ 70 million from the top financial institutions and technology investors, as Bitwise continues to build the best Crypto Asset Management Company.”
According to Block Data Dashboard, the company issued both Spot Bitcoin and Spot Ether ETFS in 2024. According to the Block Data Dashboard, Bitwise’s Spot BTC product manages nearly $ 4 billion assets. Last week, the US Securities and Exchange Commission admitted the point of submission of XRP ETF. In CBOE BZX Exchange instead of Bitwise.
Bitwise has more than 100 employees and supervises $ 12 billion in customer assets. “We will continue to invest in a team that crosses beta, alpha, and on chains and new solutions.
Other investors mentioned in the funding announcement include MIT Investment Management Company, Highland Capital, Parafi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors and Palo Alto Networks CEO NIKESH Arora Included.
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