Assets Under Management By Bitwise Reached $100 mln

Bitwise Asset Management, a leading provider of crypto asset index funds for professional investors, announced that the volume of assets under management (AUM) has exceeded $100 mln.

Most of the demand has been for the Bitwise 10 Crypto Index Fund, which tracks the top 10 crypto assets including BTC, ETH and LTC, which historically take 80% of the entire crypto asset class. Currently, the fund's shares are available in the form of a private placement. It is expected that at the end of the year the shares will start trading on the exchange.

According to Bitwise research the number of financial advisors planning to allocate space for crypto assets will double this year from 6% to 13%. In addition to Bitwise 10 Crypto Index Fund, Bitwise provides funds based on Bitcoin and Ethereum. Today they are available to accredited investors as private placements.

Image courtesy of: Coinlife