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Bitwise completes $70m series B, valuing the company at more than $500m

San Francisco based crypto asset manager raised $70m in Series B funding led by Elad Gil and Electric Capital at a pre-money valuation of $430m.

“Five years from now, while some investors will still be trading crypto portfolios themselves, many long-term investors will want to rely on the same financial advisors, processes and brokerages they use for every other asset class,” said Hunter Horsley, CEO.

Tags

asset management, crypto, index fund