Bitwise Collaborates with Over 20 Wealth Management Platforms to Approve Crypto ETPs

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Bitwise is collaborating with over 20 wealth management platforms, managing $24 trillion in assets, to approve crypto ETPs, according to crypto exchange news. So far, 17 platforms have approved crypto equity ETPs, including 11 for Bitcoin, 6 for Ethereum, and 6 for top-10 crypto baskets. Since the first spot crypto ETFs launched in January 2024, crypto ETPs have attracted $77 billion in net inflows. More than 50 spot crypto ETPs are now available in the U.S., covering BTC, ETH, SOL, and more. Demand from wealth managers is also growing in crypto trading, custody, payments, and tokenization, according to crypto news.

ChainCatcher reports that Ishmael Asad, an analyst at Bitwise, posted on X that Bitwise is currently collaborating with over 20 wealth management platforms, collectively managing approximately $24 trillion in assets. Bitwise is also working to secure approval from these platforms for crypto asset exchange-traded products (ETPs), enabling their investment advisors to offer clients exposure to crypto assets. Among Bitwise’s partner institutions, 17 have approved ETPs for crypto stocks, 11 for Bitcoin ETPs, 6 for Ethereum ETPs, 6 for ETPs tracking the top ten crypto assets, 2 for Solana ETPs, and one each for a Bitcoin-gold composite ETP and an XRP ETP. Asad noted that since the launch of the first spot crypto ETFs in January 2024, cumulative net inflows into crypto ETPs have reached approximately $77 billion. Currently, more than 50 spot crypto ETPs are available in the U.S. market, with the number continuing to grow, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, and crypto asset portfolios. Additionally, interest from wealth management institutions in crypto assets continues to rise, with demand expanding beyond ETPs into crypto trading and custody, payments, and tokenization.

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