Important points
- In the past six months, five major banks have approved Bitwise ETP for asset management.
- This move will increase access to cryptocurrency investments by customers of mainstream financial institutions.
Five banks, each with assets between $300 billion and $2 trillion, have approved Bitwise’s exchange-traded products for their wealth management clients in the past six months, CEO Hunter Horsley said.
This approval marks expanded access to crypto assets for mainstream financial institution customers through Bitwise’s investment vehicle.
Following the launch of Bitcoin and Ethereum spot ETFs in the US, Bitwise has rolled out funds tied to Solana, XRP, and Dogecoin. Earlier this week, the company announced the Bitwise 10 Crypto Index ETF, which provides broad exposure to the largest digital asset by market value.
