CandleFocus

Bitwise surpasses $5B in AUM with Bitcoin ETF contributing over $2.7B

Author: Content Editor
Crypto index fund manager Bitwise has achieved a milestone of surpassing $5 billion in assets under management (AUM) thanks to existing and new investors. This represents a growth of 400% this year, following the appointment of Luis Berruga as a strategic advisor. The company has achieved significant milestones this year, including the launch of its first spot Bitcoin ETP and second spot Ethereum ETP. In addition, Bitwise acquired ETC Group and expanded its suite of products to include the world's largest crypto index fund, thematic equity ETFs, spot crypto ETPs, and more. Bitwise CEO Hunter Horsley expressed gratitude for the investors' trust and stated the company's aim to be a leading institution in the crypto space. Some enthusiasts believe Bitwise could reach $20 billion in AUM by 2026. Bitwise also announced the appointment of ETF industry leader Luis Berruga, who will advise on strategic partnerships, global distribution, and mergers and acquisitions.

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