The volume of assets under management of the provider of crypto indexes Bitwise exceeded $ 100 million The provider of cryptocurrency indexes for professional investors Bitwise Asset Management has concentrated under its management over $ 100 million in assets.

The volume of assets under the management of the provider of crypto indices Bitwise exceeded $ 100 million

Bitwise Asset Management, a provider of cryptocurrency indices for professional investors, has more than $ 100 million in assets under its management.

The current value is a record for Bitwise and reflects increased demand for its products from hedge funds, financial advisors and family wealth management companies, according to a press release released today..

The recipient of a significant part of the new investment was the multi-asset Bitwise 10 Crypto Index Fund based on Bitcoin, Ethereum, Litecoin and other large cryptocurrencies. Historically, they account for over 80% of the capitalization of the entire crypto market, Bitwise notes.

“We are reaping the benefits of two years of building infrastructure in this space. It comes as no surprise that we are reaching multi-year highs, ”said Matt Hogan, investment director at Bitwise..

Asset growth governed by The company is witnessing an increase in the participation of institutional investors in the cryptocurrency space. Recently, several public companies, including MicroStrategy and Square, have announced the purchase of Bitcoin as a reserve asset..

"This has convinced many who were previously cautious to reconsider their position," said Bitwise CEO Hunter Horsley..

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