About Bitwise
Bitwise is a company based in San Francisco (United States) founded in 2017 by Hunter Horsley and Hong Kim. It operates as a FinTech, and Subscription Services. Bitwise has raised $91.24 million across 5 funding rounds from investors including Coinbase, MassMutual and Khosla Ventures. The company has 63 employees as of December 31, 2023. Bitwise has completed 2 acquisitions, including Attestant and Bitwise. Bitwise offers products and services including Bitwise 10 Crypto Index Fund (BITW), Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), and Bitwise Crypto Industry Innovators ETF (BITQ). Bitwise operates in a competitive market with competitors including Hashdex, Hedonova, Solrise, Monochrome and 3Folio, among others.
- Headquarter San Francisco, United States
- Employees 63 as on 31 Dec, 2023
- Founders Hunter Horsley, Hong Kim
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Bitwise Asset Management, Inc.
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Products & Services of Bitwise
Bitwise offers a comprehensive portfolio of products and services, including Bitwise 10 Crypto Index Fund (BITW), Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), and Bitwise Crypto Industry Innovators ETF (BITQ). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Index fund tracking top crypto assets, rebalanced monthly.
ETF providing exposure to Bitcoin for investors.
ETF offering investment exposure to Ethereum assets.
ETF focused on crypto industry innovator companies.
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Funding Insights of Bitwise
Bitwise has successfully raised a total of $91.24M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $70 million completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $70.0M
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First Round
First Round
(26 Oct 2017)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2025 | Amount | Post-IPO - Bitwise | Valuation | Electric Capital | |
| Jun, 2021 | Amount | Series B - Bitwise | Valuation | Electric Capital , Elad Gil | |
| Jun, 2019 | Amount | Series A - Bitwise | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Bitwise
Bitwise has secured backing from 33 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Coinbase, MassMutual and Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Family office of Alison Davis and Matthew C. Le Merle
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Founded Year | Domain | Location | |
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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Diversified asset management firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitwise
Bitwise has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Attestant and Bitwise. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Infrastructure solutions for Ethereum 2 validation and staking are provided.
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2019 | ||||
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Crypto-linked exchange-traded products are offered for asset tracking.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bitwise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitwise Comparisons
Competitors of Bitwise
Bitwise operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hashdex, Hedonova, Solrise, Monochrome and 3Folio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Index investing in cryptocurrencies is managed by Hashdex.
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Hedge funds focused on alternative assets
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| domain | founded_year | HQ Location |
Blockchain-based platform for the finance industry
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| domain | founded_year | HQ Location |
Influencer marketing services are provided by Monochrome in Finland.
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| domain | founded_year | HQ Location |
Automated management of crypto-focused hedge funds is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitwise
Frequently Asked Questions about Bitwise
When was Bitwise founded?
Bitwise was founded in 2017.
Where is Bitwise located?
Bitwise is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Bitwise?
Hunter Horsley is the current CEO of Bitwise. They have also founded this company.
Is Bitwise a funded company?
Bitwise is a funded company, having raised a total of $91.24M across 5 funding rounds to date. The company's 1st funding round was a Series A of $17.24M, raised on Oct 26, 2017.
How many employees does Bitwise have?
As of Dec 31, 2023, the latest employee count at Bitwise is 63.
What does Bitwise do?
Bitwise Asset Management is engaged in providing professionally managed crypto investment solutions. The company operates within the financial sector, specializing in cryptocurrency assets. A range of products, including ETFs, index funds, and private funds, are offered to provide exposure to over 20 crypto assets, equities, hedge funds, and NFT collections. Since its inception in 2017, a broad suite of solutions has been developed to cater to diverse investor needs in this complex and evolving space.
Who are the top competitors of Bitwise?
What products or services does Bitwise offer?
Bitwise offers Bitwise 10 Crypto Index Fund (BITW), Bitwise Bitcoin ETF (BITB), Bitwise Ethereum ETF (ETHW), and Bitwise Crypto Industry Innovators ETF (BITQ).
How many acquisitions has Bitwise made?
Who are Bitwise's investors?
Bitwise has 33 investors. Key investors include Coinbase, MassMutual, Khosla Ventures, Fifth Era, and ParaFi.
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