Crypto ETF Issuer Bitwise Raises $70M
Electric Capital, MassMutual, and Haun Ventures back Bitwise Asset Management in the new round.
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.
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