0
0
News

Crypto ETF Issuer Bitwise Raises $70M

Electric Capital, MassMutual, and Haun Ventures back Bitwise Asset Management in the new round.
0
0
Feb 25, 2025 • 1 min read

Bitwise Asset Management secures $70 million in funding from significant backers, boosting its presence in crypto asset management.

What’s the Scoop?

  • Substantial Funding: Bitwise raised $70 million from key investors such as Electric Capital, MassMutual, and Haun Ventures.
  • Growing AUM: Their spot bitcoin ETF, one of their flagship products launched last year, now manages nearly $4 billion in assets.
  • Expanding Portfolio: Bitwise continues to innovate with spot bitcoin and ether ETFs, reinforcing its leadership in crypto asset management.
  • Diverse Investment: The funding round included notable investors like MIT Investment Management and ParaFi Capital, fueling further growth.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out