Bitwise Asset Management is a crypto-specialist asset manager that offers a broad suite of 32 investment solutions across beta, alpha, and onchain strategies. Its product set includes yield and alpha strategies, multi-strategy solutions, separately managed accounts, onchain staking, index funds, and bitcoin ETPs. The firm ended 2024 with more than $12 billion in client assets after more than 10x growth during the year. Proceeds from the $70 million equity raise will bolster the firm's balance sheet and accelerate buildout of investment capabilities and investor solutions. Bitwise has offices in San Francisco, New York, and London and employs more than 100 technology and investment professionals, with plans to grow headcount to over 130 this year. More than 5,000 wealth teams, RIAs, family offices, institutional clients in the U.S. and Europe, and over 15 banks, broker-dealers, and platforms use Bitwise products. Bitwise Asset Management is a cryptoasset manager that runs a large crypto index fund (OTCQX: BITW) and a suite of products including the Bitwise 10 Crypto Index Fund, Bitwise Bitcoin Fund, Bitwise Ethereum Fund, and targeted products for DeFi and crypto equities. The firm recently launched the Bitwise DeFi Crypto Index Fund and the Bitwise Crypto Industry Innovators ETF (NYSE: BITQ), which tracks the Bitwise Crypto Innovators 30 Index of pure-play crypto equities. Bitwise focuses on partnering with financial advisors and investment professionals, providing education and research alongside its product lineup. The company manages over $1.2 billion in assets across its investment solutions and is currently profitable. Bitwise plans to use new capital to strengthen its balance sheet and accelerate a national buildout of its organization, team, and product suite. The firm is led by CEO Hunter Horsley and is based in San Francisco, CA. Bitwise Asset Management, founded in 2017 by Hunter Horsley and Hong Kim, is a San Francisco-based cryptocurrency investment startup. The company develops funds, indexes, insight, and other services for individuals, wealth managers, family offices, investment managers, and institutions. It is launching the Bitwise HOLD 10 Private Index Fund, a cryptocurrency index fund that holds the top-10 most valuable crypto-assets selected and weighted by market capitalization. The fund rebalances monthly and is designed to capitalize on hard forks and airdrops. Bitwise raised $4M in seed funding from a group of investors to support its product and growth plans.

Total raised

$144M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2025