Share this article
Bitwise Tops $100M in Assets Under Management
Cryptocurrency-focused money manager sees inflows from hedge funds, financial advisors and family wealth-management offices.
Updated Sep 14, 2021, 10:24 a.m. Published Oct 28, 2020, 2:41 p.m.
Bitwise Asset Management, a provider of cryptocurrency index funds to professional investors, now manages over $100 million in assets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The level is a record for the company and comes amid rising demand from hedge funds, financial advisors and multifamily offices, according to a press release.
- The major recipient of the increased inflows has been the diversified Bitwise 10 Crypto Index Fund, which tracks bitcoin, ethereum, litecoin and other top-10 cryptocurrencies by market value.
- "We're reaping the harvest of two years of building infrastructure in this space," Bitwise Chief Investment Officer Matt Hougan, told CoinDesk in a phone interview. "It's no surprise that we're hitting multiyear highs."
- The surge in Bitwise's assets under management has happened alongside an increase in institutional participation in the top cryptocurrency.
- Several public companies, including the likes of MicroStrategy and Square, have recently disclosed their bitcoin investments, providing a vote of confidence in bitcoin's long-term value as an inflation hedge.
- "That has convinced many who were previously cautious that it's time to reevaluate," Bitwise Chief Executive Officer Hunter Horsley said in the press release.
- Bitwise has failed in its attempts to win approval from the U.S. Securities and Exchange Commission for a bitcoin-focused exchange-traded fund.
Read more: Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
