Bitwise, a leading crypto asset manager, has recently raised $70 million in funding as it seeks to expand its offerings. With more institutional investors entering the crypto space and increased open-mindedness from the SEC, the company aims to grow its team from 100 to 130 employees and launch more ETFs and custom solutions. Bitwise has three investment buckets: beta offerings (crypto index fund, bitcoin and ether ETFs), onchain solutions (non-custodial institutional staking), and alpha strategies (custom SMAs for institutional clients). Bitwise and other fund groups have proposals with the SEC to launch ETFs that hold assets beyond BTC and ETH. Bitwise is optimistic about the potential approval of its Bitwise 10 Crypto Index Fund, which would be a significant development for the company. The conversations between Bitwise and the SEC have been more constructive since Trump's inauguration, indicating a shift in attitude towards crypto ETFs.



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