Bitwise analyst Ishmael Asad said on X that the asset manager is working with more than 20 wealth management platforms whose combined assets under management total about $24 trillion. According to Asad, Bitwise is pushing those platforms to approve crypto exchange-traded products, or ETPs, so investment advisers on those platforms can offer clients access to crypto allocations. He said 17 partner institutions have approved crypto equity-theme ETPs, 11 have approved Bitcoin ETPs, six have approved Ethereum ETPs, and six have approved top-10 crypto basket ETPs. Two have approved Solana ETPs, while one each has approved a Bitcoin-and-gold combo product and an XRP ETP. Asad also said crypto ETPs have seen roughly $77 billion in cumulative net inflows since the first spot crypto ETFs launched in January 2024. He added that the U.S. market now has more than 50 spot crypto ETPs, with offerings tied to BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE and crypto baskets, and said demand from wealth managers is expanding beyond ETPs into trading and custody, payments, and tokenization.
Bitwise analyst Ishmael Asad said in a post on X that the firm is working with more than 20 wealth management platforms with about $24 trillion in combined assets under management.
He said Bitwise is also trying to get those platforms to approve crypto exchange-traded products, or ETPs, so their investment advisers can offer clients access to crypto allocations.
Approved products span several crypto ETP categories
Among the institutions working with Bitwise, 17 have approved crypto equity-theme ETPs, 11 have approved Bitcoin ETPs, six have approved Ethereum ETPs, and six have approved top-10 crypto basket ETPs, according to Asad.
He added that two platforms have approved Solana ETPs. One platform has approved a Bitcoin-and-gold combination ETP, and one has approved an XRP ETP.
Asad says cumulative net inflows reached about $77 billion
Asad said crypto ETPs have recorded about $77 billion in cumulative net inflows since the first spot crypto ETFs began trading in January 2024.
He also said the U.S. market now has more than 50 spot crypto ETPs, with the number still rising. The listed exposure set now covers BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE and crypto baskets.
Wealth management demand is extending beyond ETPs
Asad said interest in crypto assets among wealth management institutions continues to grow, and that demand is expanding from ETPs into crypto trading and custody, payments, and tokenization.
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