Crypto Raises 70M Bolstering Bitwise Balance

Bitwise Secures $70 Million in Equity Raise to Expand Operations

• Bitwise completed a $70 million equity raise.
• The funding was led by Electric Capital.
• Participants included MassMutual, Highland Capital, MIT Investment Management Company, Haun Ventures, and ParaFi Capital.
• Funds will enhance investment capabilities and services.
• Expansion plans include increasing headcount in San Francisco, New York, and London offices.
• Bitwise is an issuer of one of the 12 spot BTC ETFs in the U.S.

Cryptocurrency asset manager Bitwise has raised $70 million with contributions from notable investors like Electric Capital and MassMutual. The funds will support operational expansion across major cities and strengthen its investment offerings. Bitwise is known for its spot BTC exchange-traded fund listed in the U.S.