Bitwise boasts of having surpassed having $500m in assets under management

January 5, 2021

Cryptocurrency index fund provider Bitwise Asset Management recently surpassed $500m in assets under management, up from $100m in October.

The news comes as cryptocurrencies like bitcoin and ethereum have increased their values by several hundred per cent in 2020, in no small due to the pandemic driving investment in the sector.

This has been reflected in the Bitwise 10 Crypto Index Fund, which seeks to track an index of the ten largest cryptoassets and recently secured over $400m in assets under management.

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund – which provide low-cost, professionally managed exposure to bitcoin and ethereum, respectively – have seen increased demand as well.

“The speed at which professional investors are moving into crypto right now is remarkable,” said Hunter Horsley, co-founder and CEO of Bitwise. “While adoption of crypto as an asset class and conviction around its role in portfolios rapidly expands, we continue to urge all investors to consider the risks associated with investing in cryptocurrencies in general and the Bitwise funds in particular.”