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Bitwise Hits Historic Milestone: $100 Million Assets Under Management
Summary: Crypto asset management firm Bitwise announced on Wednesday that it is currently managing $100 million in assets. The firm manages cryptocurrencies for professional investors so the $100 million milestone is a strong sign of growing interest in the crypto space. Bitwise stated that its Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptocurrencies, ...
Crypto asset management firm Bitwise announced on Wednesday that it is currently managing $100 million in assets.
The firm manages cryptocurrencies for professional investors so the $100 million milestone is a strong sign of growing interest in the crypto space. Bitwise stated that its Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptocurrencies, led its growth.
The announcement went on to highlight 2020 as the year where professional and institutional investors have taken more interest in cryptocurrencies, citing PayPal's recent announcement that account holders will soon be able to buy, sell and hold cryptocurrencies.
By Emily Mason
Tags: assets under management,Bitcoin,Bitwise,BTC
Link: Bitwise Hits Historic Milestone: $100 Million Assets Under Management [Copy]
