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Crypto Fund Manager Bitwise Offers Active Trading Strategies in Institutional Push

The firm will utilize low-risk strategies like arbitrage trading to generate a yield for institutional clients.

Updated May 9, 2023, 4:01 a.m. Published Nov 1, 2022, 1:30 p.m.
Hunter Horsley, CEO of Bitwise (YouTube/CoinDesk screenshot)
Hunter Horsley, CEO of Bitwise (YouTube/CoinDesk screenshot)

San Francisco-based fund manager Bitwise is offering active trading strategies, designed to capitalize on market inefficiencies across the crypto market to cater to institutional clients.

The firm said it has hired Jeffrey Park, formerly of Corbin Capital and Morgan Stanley (MS), to head the new active strategy trading team.

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Active trading strategies are intended to deliver returns for clients by utilizing low-risk techniques to generate a yield, including arbitrage trade across multiple venues and delta neutral quantitive strategies.

Bitwise currently has a suite of more than 15 crypto solutions including a sizable crypto index fund along with strategies covering decentralized finance (DeFi), non-fungible tokens (NFT), Web3 and crypto equities.

“For the last half-decade, our sole focus at Bitwise has been pioneering ways for investors to access the opportunities emerging in crypto,” said Bitwise CEO Hunter Horsley. “The addition of active strategies to our services is a huge step forward in our ability to do that."

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