Bitwise Secures $70 Million in Funding to Expand Crypto Investment Solutions

The funding round, led by Electric Capital, supports Bitwise's continued growth as a leading crypto asset manager with $12 billion in client assets.

Bitwise Asset Management raised $70 million in a funding round led by Electric Capital, with participation from MassMutual, Haun Ventures, and others.
The funds will be used to bolster Bitwise's balance sheet, expand investment capabilities, and develop new investor solutions.
Bitwise oversees $12 billion in client assets across three main business lines: beta, alpha, and onchain solutions.
The company has launched spot Bitcoin and Ether ETFs, with its Bitcoin ETF managing nearly $4 billion in assets.
The funding comes as calls grow for clearer U.S. crypto regulations, with lawmakers and companies like Coinbase advocating for legislative clarity.