Overview

• 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.