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Reading: Bitwise Achieves $10 Billion in Asset Management
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EdaFace Newsfeed > Latest News > Crypto News > Bitwise Achieves $10 Billion in Asset Management
Crypto News

Bitwise Achieves $10 Billion in Asset Management

vitalclick
Last updated: November 16, 2024 5:33 pm
5 months ago
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Bitwise Asset Management has reached a new milestone, surpassing $10 billion in client assets (AUM) in its investment portfolio. This success, Bitcoin $91,403 and demonstrates growing interest in the overall crypto market. The company’s focus on providing innovative crypto investment solutions makes it a key player in the rapidly changing financial landscape.

Bitwise Exceeds $10 Billion Target in AUMBitcoin ETF Investments Break Records

Bitwise Exceeds $10 Billion Target in AUM

“This week, Bitwise Invest surpassed $10 billion across the Bitwise portfolio,” said Hunter Horsley.

Horsley emphasized the company’s commitment to the industry, stating that all AUM is allocated to Bitcoin and other crypto opportunities. Bitwise offers more than 30 customized investment solutions, including ETFs, index funds, hedge funds and staking options. The company has filed for a multi-crypto ETF as market optimism grows.

Bitcoin ETF Investments Break Records

Horsley stated that these solutions enable investors to easily explore various crypto opportunities. He also introduced Bitwise’s growing team of 95 professionals to build long-term partnerships with investors and protect the ethical foundation of the crypto ecosystem.

One user commented on the rapid growth of Bitwise AUM, recalling a conversation he had with an executive a few weeks ago who stated that the company had $5 billion in assets. Horsley confirmed this comment, noting that the company is gaining momentum as crypto adoption increases.

The asset manager’s success reflects growing confidence in digital assets. With the crypto market recovering and institutional interest increasing, asset managers like Bitwise are becoming important intermediaries for mainstream adoption. In addition, investments made by large banks strengthen market confidence.

BTC price increased by over 4% this week to $91,156. While the crypto hit a record high of $93,434 this week, trading volume fell 16%.

Bitwise Asset Management’s AUM exceeding $10 billion is considered an important indicator of growth in the crypto market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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