Express
Bitwise's Crypto Asset Under Management Exceeds $500 Million, A Surge Of Over 400% In 2 Months
Summary: Bitwise, a provider of crypto index funds, announced that its asset under management (AUM) has exceeded $500 million, which represents a surge of over 400% in two months compared to $100 million reported on October 28, 2020. Among them, Bitwise 10 Crypto Index Fund (OTCQX: BITW) accounted for the highest proportion, with AUM exceeding $400 ...
Bitwise, a provider of crypto index funds, announced that its asset under management (AUM) has exceeded $500 million, which represents a surge of over 400% in two months compared to $100 million reported on October 28, 2020. Among them, Bitwise 10 Crypto Index Fund (OTCQX: BITW) accounted for the highest proportion, with AUM exceeding $400 million, the demand for Bitwise Bitcoin Fund and Bitwise Ethereum Fund has also increased.
The company also revealed that the inflow of funds in the fourth quarter of 2020 set a record, exceeding the cumulative total inflows in 2018 and 2019. The increase in demand mainly comes from institutional investors such as financial advisors, hedge funds, etc.
By Mary Liu
Tags: AUM,Bitwise,Bitwise 10 Crypto Index Fund,Bitwise Bitcoin Fund,Bitwise Ethereum Fund,Crypto Fund,Institutional Investor
Link: Bitwise's Crypto Asset Under Management Exceeds $500 Million, A Surge Of Over 400% In 2 Months [Copy]
