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Bitwise Asset Management announced that its Bitwise Crypto Industry Innovators ETF (BITQ) has exceeded
Bitwise Asset Management, the largest cryptocurrency index fund manager globally, announced the completion of its Series B funding round, led by prominent investors including Elad Gil and Electric Capital, with backing from notable figures like Henry Kravis and Daniel Loeb. Bitwise, currently profitable with assets under management exceeding $1.2 billion, will utilize the funds to enhance its balance sheet and expand its product offerings. The firm has seen a 20x increase in assets year-over-year and continues to grow its team to support over 200 financial advisory firms utilizing its products.
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