5 banks approve Bitwise ETPs for wealth management in last 6 months
Mainstream banks' embrace of Bitwise highlights increasing demand among traditional investors for regulated crypto exposure.
Key Takeaways
- Five major banks have approved Bitwise ETPs for wealth management in the past six months.
- This move increases mainstream financial institutions' clients' access to crypto investments.
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Five banks with assets ranging from $300 billion to $2 trillion each have approved Bitwise exchange-traded products for their wealth management clients over the past six months, according to CEO Hunter Horsley.
The approvals mark expanded access to crypto assets for clients of mainstream financial institutions through Bitwise’s investment vehicles.
Following the launch of its spot Bitcoin and Ethereum ETFs in the US, Bitwise rolled out funds tied to Solana, XRP, and Dogecoin. Earlier this week, the firm unveiled a Bitwise 10 Crypto Index ETF that offers broad exposure to the largest digital assets by market value.
