Bitwise Asset Management has announced the value of assets in its cryptocurrency funds has surpassed the $1B mark.
The company's products include the Bitwise 10 Crypto Index Fund, the Bitwise DeFi Crypto Index Fund, the Bitwise Bitcoin Fund and the Bitwise Ethereum Fund.
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The Bitwise 10 Crypto Index Fund is the world's largest cryptocurrency-based index fund, according to the company. The capital of the Bitwise 10 Crypto Index Fund totals more than $900M.
The fund tracks an index of the 10 largest cryptos, including Bitcoin, Ether, Litecoin and Chainlink. The assets in the index represent more than 75% of the cryptocurrency market capitalization.
The Bitwise DeFi Crypto Index Fund, which was launched on February 17, is the first index fund based on tokens from projects in the decentralized finance industry (DeFi), including Uniswap, Aave, Synthetix and Maker.