{"id":29316,"date":"2020-09-28T16:51:34","date_gmt":"2020-09-28T13:51:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29316"},"modified":"2025-08-27T16:17:36","modified_gmt":"2025-08-27T13:17:36","slug":"bitwise-bitcoin-fund-reaches-9-million-in-assets-under-management","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitwise-bitcoin-fund-reaches-9-million-in-assets-under-management\/","title":{"rendered":"Bitwise Bitcoin fund reaches $9 million in assets under management"},"content":{"rendered":"<p>The Bitwise cryptocurrency fund <a href=\\\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1762087\/000176208720000002\/xslFormDX01\/primary_doc.xml\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">notified<\/a> the U.S. Securities and Exchange Commission (SEC) of an $8.9 million raise. <!--more--><\/p>\n<p>\\n<\/p>\n<p>This is the largest amount in Bitwise&#8217;s two-year existence. By comparison, in 2019 investors put just $4.1 million into Bitwise.<\/p>\n<p>\\n<\/p>\n<p>Bitwise&#8217;s head of research, Matt Hogan, explained that growing investor interest in bitcoin stems from inflation concerns arising from the Fed&#8217;s unprecedented balance-sheet expansion.<\/p>\n<p>\\n<\/p>\n<blockquote>\n<p>\u201cBitcoin is the most effective way to hedge inflation in today\u2019s market,\u201d he said.<\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p>Hogan added that among Bitwise&#8217;s clients are financial advisers to high-net-worth investors who view the limited supply of the leading cryptocurrency as a way to protect their portfolios.<\/p>\n<p>\\n<\/p>\n<p>In January 2019, Bitwise filed with the SEC to register a bitcoin ETF, but withdrew the filing a year later amid a review process.<\/p>\n<p>\\n<\/p>\n<p>In May 2020, the firm&#8217;s researchers said that bitcoin could boost the returns of a diversified investment portfolio, even when buying the cryptocurrency at its all-time highs.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise cryptocurrency fund notified the U.S. Securities and Exchange Commission (SEC) of an $8.9 million raise.<\/p>\n","protected":false},"author":1,"featured_media":29317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[949,1267,1224],"class_list":["post-29316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitwise","tag-cryptocurrency-trading","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29316"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29316\/revisions"}],"predecessor-version":[{"id":29318,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29316\/revisions\/29318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29317"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}