Welcome to our dedicated page for Bitwise 10 Crypto Index Fund news (Ticker: BITW), a resource for investors and traders seeking the latest updates and insights on Bitwise 10 Crypto Index Fund stock.
Bitwise 10 Crypto Index ETF provides indexed exposure to a basket of 10 crypto assets through a Bitwise Asset Management investment product. Company updates center on its conversion from the Bitwise 10 Crypto Index Fund into an exchange-traded product, trading venue developments, crypto index composition, and the sponsor’s broader digital-asset product platform across ETFs, private funds, separately managed accounts, and index strategies.
Recurring disclosures also address crypto-asset and blockchain technology risks, including market volatility, liquidity, custody, regulatory uncertainty, and the operating mechanics of exchange-traded fund shares.
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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Bitwise Asset Management, a prominent provider of crypto funds, has surpassed $1 billion in assets under management (AUM). It manages the world’s largest crypto index fund, BITW, and the first DeFi index fund. The Bitwise 10 Crypto Index Fund has recently reached $900 million in AUM, covering the top 10 crypto assets, including Bitcoin and Ethereum. The DeFi fund, launched on February 17, 2021, is gaining momentum among investors. Moreover, Bitwise has initiated regulatory processes for the public trading of its Bitcoin Fund on OTCQX.
Bitwise Asset Management has launched the Bitwise DeFi Crypto Index Fund, expanding its portfolio which includes the $800 million AUM Bitwise 10 Crypto Index Fund (OTCQX: BITW). The DeFi sector, with over $30 billion in monthly trading volume and $40 billion in funds locked, represents significant growth in digital finance. The fund, which targets decentralized assets, has an expense ratio of 2.5% and is available for accredited investors. Initial index constituents include Uniswap (25.14% weight) and Aave (23.37% weight).
Bitwise Asset Management, managing over $700 million in assets, has initiated the regulatory process for its Bitwise Bitcoin Fund to trade on OTCQX. This move, if approved, would facilitate trading in traditional brokerage accounts. The fund charges a 1.5% expense ratio and has been operational since December 2018. The firm cites growing interest from professional investors seeking bitcoin for portfolio hedging, particularly amid rising inflation risks. The Bitwise Bitcoin Fund aims to follow the success of the Bitwise 10 Crypto Index Fund (OTCQX: BITW), which began trading on December 9, 2020.