Bitwise Secures $70 Million Funding from Electric Capital, MassMutual, and MITIMCo to Expand $12 Billion Crypto Asset Management

Bitwise has successfully completed a $70 million funding round, attracting investments from notable financial institutions and technology investors, including Electric Capital, MassMutual, and MITIMCo. The firm, which currently manages $12 billion in assets across various investment vehicles such as index funds and ETFs, aims to further expand its crypto asset management business with this new capital. The funding announcement reflects a growing confidence in Bitcoin and public blockchains as transformative financial technologies.

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