# Bitwise Asset Management

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitwise-asset-management

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.bitwiseinvestments.com/
- Total disclosed funding: $64M
- Latest round: Series B (May 18, 2021)
- Investors on record: 12

## About

Bitwise Asset Management, Inc., based in the US, specializes in cryptocurrency investment products, providing innovative solutions for institutional and retail investors seeking exposure to digital assets.Founded in 2017 and headquartered in San Francisco, US, Bitwise Asset Management offers investment products focused on cryptocurrency. The firm has successfully executed 5 deals, with its most recent funding round occurring on February 25, 2025, raising USD 70.00 mn led by Electric Capital, alongside notable investors including Blockchain Capital and General Catalyst Partners. The company was co-founded by Hong Kim and Pol Balasch, both of whom bring significant experience in the financial sector.Bitwise Asset Management provides a suite of cryptocurrency-focused investment products, including cryptocurrency index funds and exchange-traded funds (ETFs). Key offerings include the Bitwise 10 Crypto Index Fund, designed to track the top ten cryptocurrencies, as well as the Bitwise Bitcoin ETF and Bitwise Crypto Industry Innovators ETF. These products facilitate access to the cryptocurrency market for a diverse client base, including institutional investors and wealth managers, while being actively managed to respond to market dynamics.Bitwise Asset Management generates revenue primarily through management fees based on the assets under management (AUM) of its investment products. This revenue model serves a variety of clients, encompassing both institutional investors and individual retail clients who invest in products such as the Bitwise 10 Crypto Index Fund and the Bitwise Bitcoin ETF. The firm's fee structure aligns with the performance of the underlying assets, promoting effective investment strategies.With the recent funding of USD 70.00 mn raised in February 2025, Bitwise Asset Management plans to enhance its investment capabilities and investor solutions. The firm is set to launch new investment products aimed at expanding its offerings in the cryptocurrency sector. Additionally, Bitwise is targeting growth in key global markets, particularly in Europe and select regions in Asia, to broaden its geographic reach and client base.

## Funding rounds

- Series B, May 18, 2021, $60M — Highland Capital Partners, Khosla Ventures, Third Point, Willoughby Capital, Blockchain Capital, Electric Capital, Coinbase Ventures, Castle Island Ventures, Moore Strategic Ventures, Vetamer Capital, ParaFi Capital
- Seed, Dec 12, 2017, $4M — General Catalyst Partners, Khosla Ventures, Blockchain Capital

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series B
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed, Series B
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B
- Third Point (https://capitalatlas.ai/funds/third-point) — Series B
- Willoughby Capital — Series B
- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Series B
- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B
- Vetamer Capital — Series B
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series B