Trillion-Dollar Bank Approves Bitwise Crypto ETF
Trillion-Dollar Bank Approves Bitwise Crypto ETF for Advisor-Managed Accounts
A significant milestone in institutional crypto adoption has been reached. A global bank with over $1 trillion in assets under management has approved the Bitwise crypto ETF for its advisor-managed accounts platform. This was announced by Bitwise CEO Hunter Horsley on Tuesday.
Key Takeaways
- A major bank managing over $1 trillion in assets has approved the Bitwise crypto ETF.
- This signifies growing institutional confidence in regulated crypto investment products.
- Financial advisors can now offer this ETF to high-net-worth clients and institutional investors.
The approval allows wealth managers and financial advisors associated with the bank to incorporate the Bitwise crypto ETF into their investment strategies for client funds. While the bank's identity remains confidential, its substantial size highlights the expanding institutional interest in regulated crypto investments.
Bitwise is a pioneer in the US ETF market, being among the first to successfully launch spot Bitcoin and Ethereum ETFs. This move follows Morgan Stanley's decision last August to allow its financial advisors to recommend spot Bitcoin ETFs.
This development reflects a shift from individual crypto investing toward mainstream wealth management, as advisor-managed accounts typically serve high-net-worth individuals and institutional clients.
Codeum: Your Partner in Blockchain Security
Codeum is a leading blockchain security and development platform providing comprehensive services to ensure the safety and success of your blockchain projects. Our services include:
- Smart contract audits
- KYC verification
- Custom smart contract and DApp development
- Tokenomics and security consultation
- Partnerships with launchpads and crypto agencies
Contact us today to learn how Codeum can help secure your blockchain future.