Bitwise said it is working with more than 20 wealth management platforms to promote crypto ETP launches

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Bitwise has partnered with more than 20 wealth management platforms to promote crypto ETP launches, with total assets under management of approximately 24000000000000 USD

PANews October 15 news, according to Bitwise Ishmael Asad of @AsadIshmael, who disclosed that Bitwise is currently working with more than 20 wealth management platforms, which have combined assets under management (AUM) of approximately 24000000000000 USD, to promote their approval of crypto ETP launches. The platforms' current approvals are as follows: crypto stocks at 17 platforms,Bitcoin 11 platforms,Ethereum 6 platforms, a basket of the top cryptocurrencies at 6 platforms,Solana 2 platforms,Bitcoin/gold portfolios at 1 platforms,XRP 1 Since 2024, when the first spot crypto January were listed ETF, crypto ETP has recorded cumulative net inflows of 77000000000 USD, and the United States currently has more than 50 spot crypto ETP. Discussion topics covered the crypto market outlook, stablecoins, tokenization, DeFi applications, crypto stocks, and regulation.

Source: https://www.panewslab.com/zh/articles/01a13d39-3339-7588-bda2-d5ebb9d9c7a5

Key points

Bitwise is working with more than 20 wealth management platforms.
These platforms have combined assets under management of approximately 24000000000000 USD。
The platforms have currently approved crypto stocks at 17 platforms,Bitcoin 11 platforms,Ethereum 6 platforms, among other products.
Since 2024, when the first spot crypto January were listed ETF, crypto ETP has recorded cumulative net inflows of 77000000000 USD。
The United States currently has more than 50 spot crypto ETP。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Wealth management platforms can be understood as institutions that help clients manage assets.ETP are exchange-traded products that investors can buy and sell like stocks. The article states that Bitwise is promoting these platforms' approval of crypto-related ETP。

Why it matters to readers

If the relevant platforms approve and launch more products, investors' channels for accessing crypto assets may expand; however, the article does not provide specific data on the additional funds from each platform.

This indicates that crypto assets are attempting to enter more traditional wealth management channels, but “partnership” does not mean that all products have already been launched.

Risks and unknowns

The information was Bitwise disclosed by Ishmael Asad of
The article does not specify the complete list of more than 20 platforms or the launch dates of each product.

Bitwise said it is working with more than 20 wealth management platforms to promote crypto ETP launches

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