Bitwise Asset Management, a leading crypto investment firm, has secured $70 million in funding to strengthen its financial position and expand its investment solutions.
New Funding Strengthens Bitwise's Position
According to a Coindesk report, Bitwise received investments totaling $70 million from firms such as Electric Capital and MassMutual. With over $12 billion in assets under management, CEO Hunter Horsley emphasized the company's commitment to being a reliable partner for decades.
Bitwise is Expanding Investment Offerings
Bitwise offers a range of investment products, including index funds and ETPs. The company plans to expand its team and enhance its product lineup to improve client services.
The Future of Crypto Investing
Bitwise sees crypto as a core part of institutional investing and aims to offer structured investment solutions. Despite challenges in regulation and market volatility, Bitwise predicts significant growth, with Bitcoin potentially reaching $200,000 by 2025.
This new funding will enable Bitwise to strengthen its position in the growing crypto market and continue providing innovative and reliable investment solutions.
