Bitwise says it is working with more than 20 wealth platforms on crypto ETP approvals

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.