Bitwise Asset Management has reached the milestone of $10 billion in assets under management, indicating increased interest in Bitcoin and cryptocurrencies.
Bitwise surpasses $10 billion mark
This week, Bitwise Invest surpassed the $10 billion mark in its portfolio. Hunter Horsley emphasized the importance of this achievement, noting that all AUM is allocated to Bitcoin and other crypto opportunities. Bitwise offers over 30 customized investment solutions, including ETFs, index funds, and more. The company has also applied for multiple crypto ETFs in response to rising market optimism.
Bitcoin ETF investment records
Horsley noted that the offered solutions allow investors to easily explore various crypto opportunities. He also introduced Bitwise's growing team of 95 professionals focused on long-term partnerships with investors and maintaining the ethical foundation of the crypto ecosystem. Reports emerged that the company's assets were at $5 billion just a few weeks ago; Horsley confirmed this, indicating a trend of growing crypto adoption.
BTC price growth and market impact
The growth in assets under management reflects increased confidence in digital assets. As the crypto market recovers and institutional interest rises, companies like Bitwise are becoming key intermediaries in mainstream adoption. Investments from major banks further bolster market confidence. Bitcoin's price also rose by over 4% this week, reaching $91,156. Despite a 16% drop in trading volume, the cryptocurrency hit a record level of $93,434.
Bitwise Asset Management’s $10 billion asset milestone is seen as a significant indicator of growth in the crypto market.
