Bitwise Crypto Industry Innovators ETF (BITQ)

Cryptocurrency ETFs provide investors with diversified exposure to the evolving digital asset market.

Bitwise Asset Management, one of the world’s leading crypto asset managers, announced today that the Bitwise Crypto Industry Innovators ETF (NYSEBITQ) recently surpassed $100 million in assets under management. The milestone comes amid what many consider a turning point for the crypto sector, which has seen positive industry developments, strong market performance, and growing investor interest throughout 2023. As of June 30, bitcoin had risen more than 83% year-to-date,1 while BITQ was up more than 135% over the same period.2

Bitwise Asset Management, the world’s leading crypto asset index fund manager, announced today that the Bitwise Crypto Industry Innovators ETF (NYSEBITQ) has surpassed $100 million in assets under management less than six months after the fund’s May 11th inception. The milestone marks a significant step in the growth of the BITQ fund, the first crypto equities ETF with “pure play” exposure to the companies driving the fast-growing crypto economy.

Bitwise Asset Management, the world’s largest cryptocurrency index fund manager, today announced the completion of its Series B. The round was led by Elad Gil and Electric Capital, joined by new backers including Daniel Loeb’s Third Point LLC, Daniel Och’s Willoughby Capital, Louis Bacon’s Moore Strategic Ventures, Paul Eisenstein’s Vetamer Capital, and Coinbase Ventures, alongside individual investors Henry Kravis, Stanley Druckenmiller, David McCormick (Bridgewater CEO), Daniel Sundheim (D1 CIO), Kevin Warsh (former U.S. Federal Reserve Governor), Nadeem Meghji (Blackstone executive), Tracey Warson (former Head of Citi Private Bank), Fidji Simo (Facebook executive), Helen Riley (Google X CFO), and several others (full list below). Existing Bitwise backers including Highland Capital, Khosla Ventures, Blockchain Capital, Castle Island Ventures, Alison Davis, Adam Nash, and Naval Ravikant participated as well.

Bitwise Asset Management, one of the largest and fastest-growing crypto-specialist asset managers, with AUM over $1.5 billion,1 today announced the launch of the Bitwise Crypto Industry Innovators ETF (NYSEBITQ). BITQ aims to provide investors with exposure to valuable public companies that are participants in the growing bitcoin and cryptocurrency sector.