Dwelling » Markets » Trillion-buck bank clears Bitwise crypto ETF for consultant-managed accounts
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Jul. 9, 2025
Bitwise is one of the most many basic asset managers to open plan Bitcoin and Ethereum ETFs within the US.
Key Takeaways
- One trillion-buck bank has cleared the Bitwise crypto ETF for consultant-managed accounts.
- The approval indicators growing institutional acceptance of regulated crypto investment merchandise.
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A world bank with over $1 trillion in sources under management has accredited a crypto alternate-traded fund from Bitwise Asset Management for its managed accounts platform, as revealed by Bitwise CEO Hunter Horsley on Tuesday.
Thrilled to file —
Indubitably one of the most leading banks globally, managing >$1 trillion AUM in wealth management, accredited a Bitwise crypto ETF for advisors to utilize in managed accounts.
Now the work begins to augment 1000s of advisors constructing their thesis on crypto. Work we worship doing.…
— Hunter Horsley (@HHorsley) July 8, 2025
The approval permits wealth managers and financial advisors working with the bank to allocate client funds to the crypto ETF as fragment of their long-established investment offerings. Whereas the bank’s identity remains undisclosed, its trillion-buck scale signifies elevated institutional backing for crypto investment merchandise.
Bitwise is one amongst the basic fund managers to successfully open plan Bitcoin and Ethereum ETFs within the US market.
Horsley’s statement came after Morgan Stanley started enabling its financial advisors to suggest plan Bitcoin ETFs worship BlackRock’s iShares Bitcoin Belief and Fidelity’s Wise Starting up Bitcoin Fund last August.
The recent trends signify a shift from self-directed crypto investing to mainstream wealth management, as managed accounts on the overall motivate high-fetch-worth folks and institutional purchasers.
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