June 16, 2021 Bitwise raises $70M.

Bitwise Asset Management, a cryptoasset fund provider, has raised $70M through a Series B raise that values the company at $500M. The round was led by the technology investor, Elad Gil, as well as the crypto fund, Electric Capital. Bitwise currently holds $1.2B in assets across its various products and plans to use the newly raised funds to increase its rate of product development.