Bitwise Asset Management is a digital asset investment manager founded in 2017. Based in San Francisco, it develops investment products and research for financial advisers, institutions and individual investors. Its range includes exchange-traded products, private funds, separately managed accounts, staking and onchain strategies. Access and eligibility depend on the product and jurisdiction.
Investment products
The firm offers single-asset and diversified crypto exposure alongside strategies investing in crypto-related equities. Its Bitwise Bitcoin ETF trades under BITB, while its Ethereum product trades under ETHW. The Bitwise 10 Crypto Index ETF trades under BITW and tracks a screened, market-cap-weighted index of ten crypto assets, rebalanced monthly.
Other parts of the business include European crypto ETPs, managed crypto portfolios, private investment strategies and staking services. These are separate products with different sponsors, fees, custody arrangements and investor requirements. A brokerage-traded fund does not give shareholders direct ownership of the underlying coins.
Research and leadership
Bitwise publishes market reviews, portfolio research and commentary on digital asset markets. Its research library includes historical studies of bitcoin trading volume and crypto diversification, as well as recurring market and staking reports. Forecasts in these publications represent the firm’s assumptions rather than guaranteed outcomes.
Its current operating leadership includes co-founder and CEO Hunter Horsley, co-founder and CTO Hong Kim, President Teddy Fusaro, Chief Investment Officer Matt Hougan and Managing Director and Head of Europe Bradley Duke. Martha Shear and John Hyland are former members of the team.
Structure and investment risks
Bitwise Investment Advisers, LLC sponsors the U.S. crypto ETPs identified in the firm’s disclosures. Those ETPs are not investment companies registered under the Investment Company Act of 1940 and do not carry the same protections as funds registered under that Act. Other Bitwise funds and strategies have their own legal structures and offering documents.
Digital asset prices can be volatile, and investors can lose their investment. Product-specific prospectuses or private offering documents set out fees, eligibility, custody and other risks; these terms should not be inferred from the company’s overall product range.
