Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021.
Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding.
The cryptocurrency index fund manager raised $70 million from a handful of institutional investors and almost 30 individuals from Wall Street and Silicon Valley. Bitwise, now four years old, became profitable this year when it crossed $1.2 billion in assets under management at the end of the first quarter. Part of the motivation behind this fundraising was to bring big stakeholders in the young company’s…