# Crypto ETF Issuer Bitwise Raises $70M

*Author: Bankless*
*Published: Feb 25, 2025*
*Source: https://www.bankless.com/de/read/crypto-etf-issuer-bitwise-raises-70m*

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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.