Bitwise surpasses USD100m in AUM due to rising demand for crypto from hedge funds and financial advisers
The majority of demand has been for its Bitwise 10 Crypto Index Fund, which tracks the 10 largest cryptoassetsincluding bitcoin, ethereum, and litecointhat historically comprise over 80 per cent of the entire crypto asset class. The fund is currently available as a private placement; shares are expected to start publicly trading later this quarter.
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