Bitwise Asset Management announced that assets in its cryptocurrency funds have surpassed $1 billion.
Bitwise has crossed $1B in AUM across the fund family.
Thank you to our clients and partners. Onward —https://t.co/bRXKqbClfJ pic.twitter.com/LeAjM7GkQl
— Bitwise (@BitwiseInvest) February 23, 2021
The product family includes:
- Bitwise 10 Crypto Index Fund.
- Bitwise DeFi Crypto Index Fund.
- Bitwise Bitcoin Fund.
- Bitwise Ethereum Fund.
According to the statement, the first of them is the world’s largest cryptocurrency-based index fund. The Bitwise 10 Crypto Index Fund has assets of more than $900 million.
The fund tracks an index of the 10 largest crypto assets, including Bitcoin, Ethereum, Litecoin and Chainlink. The assets in the index represent more than 75% of the cryptocurrency market’s capitalization.
In December, Bitwise listed the fund on the OTCQX market.
Launched on February 17, 2021 Bitwise DeFi Crypto Index Fund became the world’s first index fund based on tokens from DeFi projects, including Uniswap, Aave, Synthetix and Maker.
“We’re impressed by how quickly the DeFi fund has resonated with investors. They find the disruptive potential of the space both exciting and intuitive,” said Bitwise’s Chief Investment Officer Matt Hugan.
Earlier, the company filed with the U.S. Securities and Exchange Commission an application to launch an exchange-traded fund called Bitwise Crypto Innovators. It is expected to mirror the momentum of startups implementing innovations in the crypto space.
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