Overview
News
Technologies
Salaries
Products
People
Growth
Financials
Overview
Bitwise Asset Management is an American investment firm founded in 2017 that specialises in cryptocurrency and digital asset products for professional and retail investors. Its range covers spot Bitcoin and Ethereum exchange traded funds, index funds tracking baskets of large digital assets, separately managed accounts, staking strategies and private funds for accredited investors. Headquartered in San Francisco, the firm is known for its research output on market structure and custody, and works through financial advisers and institutional allocators rather than selling directly to traders.
Products
Bitwise Onchain Solutions
The onchain business offers staking and yield strategies for institutional holders of proof-of-stake assets. It combines validator operations with reporting suited to regulated investors.
bitwiseinvestments.com
Bitwise Separately Managed Accounts
Separately managed accounts let financial advisers hold crypto strategies directly in a client's name. Bitwise handles rebalancing, custody arrangements and tax reporting.
bitwiseinvestments.com
Bitwise 10 Crypto Index Fund
The Bitwise 10 Crypto Index Fund holds a market-capitalisation weighted basket of the largest digital assets. It was the firm's first product and remains a core holding for diversified allocators.
bitwiseinvestments.com
Bitwise Ethereum ETF
The Bitwise Ethereum ETF provides spot exposure to Ether in an exchange traded wrapper. It follows the same custody and creation structure as the firm's Bitcoin product.
bitwiseinvestments.com
Bitwise Bitcoin ETF
The Bitwise Bitcoin ETF, trading as BITB, gives investors spot Bitcoin exposure through a standard brokerage account. It was among the first United States spot Bitcoin funds approved in 2024.
bitwiseinvestments.com
People
Teddy Fusaro
President
Teddy Fusaro serves as president of Bitwise and oversees product operations and fund administration. He previously held senior roles at Direxion and Goldman Sachs.
Matt Hougan
Chief Investment Officer
Matt Hougan leads investment strategy and research at Bitwise and is a widely quoted voice on crypto market structure. He was previously chief executive of ETF.com and a longtime index fund analyst.
Hong Kim
Co-Founder & Chief Technology Officer
Hong Kim co-founded Bitwise and leads its technology and custody engineering. He previously worked on infrastructure at Wealthfront.
Hunter Horsley
Co-Founder & Chief Executive Officer
Hunter Horsley co-founded Bitwise in 2017 and leads it as chief executive. He previously worked as a product manager at Facebook and Instagram.
Financials
Total raised
$70M
Latest round
Series B
Funding rounds
1
Investors
4
Funding rounds
| Round | Announced | Amount |
|---|---|---|
| Series B | 2021 | $70M |
Key Investors
Blockchain Capital
Blockchain Capital was an early investor in Bitwise. It has funded digital asset companies since 2013.
blockchain.capital
General Catalyst
General Catalyst participated in Bitwise's venture financing. The firm invests broadly across financial services technology.
generalcatalyst.com
Khosla Ventures
Khosla Ventures backed Bitwise in its early rounds. The Menlo Park firm invests across financial technology and deep technology.
khoslaventures.com
Electric Capital
Electric Capital led Bitwise's seventy million dollar financing in 2021. The firm invests across crypto protocols and infrastructure businesses.
electriccapital.com