What is Bitwise Asset Management?
Based in San Francisco, Bitwise Asset Management has established itself as one of the largest and most rapidly expanding crypto asset managers. As of late 2021, the firm managed over $1.3 billion across a diverse portfolio of investment solutions. Bitwise is particularly recognized for managing the world's largest crypto index fund (OTCQX: BITW) and for pioneering investment products that span Bitcoin, Ethereum, decentralized finance (DeFi), and crypto-focused equity indexes. The company's strategy centers on collaborating with financial advisors and investment professionals, providing them with high-quality education and research. The Bitwise team comprises professionals with extensive experience in both technology and traditional asset management, hailing from esteemed institutions such as BlackRock, Blackstone, Facebook, and Google.
How much funding has Bitwise Asset Management raised?
Bitwise Asset Management has raised a total of $220.5M across 4 funding rounds:
Series A
$10.5M
Series B
$70M
Other Financing Round
$70M
Other Financing Round
$70M
Series A (2019): $10.5M with participation from Highlight Capital Partners
Series B (2021): $70M led by Third Point, Elad Gil, and Electric Capital
Other Financing Round (2022): $70M supported by Moore Strategic Ventures, Third Point, Vetamer Capital Management, and Electric Capital
Other Financing Round (2025): $70M featuring Parafi Capital, Blockchain Coinvestors, General Catalyst, Khosla Ventures, MassMutual, Electric Capital, Highland Capital Management, and Haun Ventures
Key Investors in Bitwise Asset Management
Third Point
Third Point Management is a New York-based hedge fund founded by Daniel S. Loeb in 1995, specializing in public equity, fixed income, and ADR markets.
Elad Gil
Elad Gil is a technology entrepreneur and investor focused on the future of technology, with a portfolio including notable companies like Airbnb and Coinbase, and author of 'High Growth Handbook'.
Electric Capital
Electric Capital focuses on investing in founders within the Web3 and crypto space, emphasizing technical depth and insights into protocol design and security.
What's next for Bitwise Asset Management?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Bitwise Asset Management, likely enabling accelerated expansion of its product offerings and market reach. This capital infusion is expected to fuel further innovation in areas such as DeFi and specialized crypto indexes, catering to the evolving demands of financial advisors and institutional investors. Bitwise's focus on education and research, combined with its deep expertise in both traditional finance and digital assets, positions it to capitalize on the growing institutional adoption of cryptocurrencies. The company's strategic partnerships and continued development of robust investment solutions are anticipated to solidify its leadership in the burgeoning crypto asset management landscape.
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