Bitwise Defies Bear Market with $1.8B Inflows Amid Crypto Winter

Bitwise Asset Management has reported a remarkable $1.8 billion in new money for the first half of this year, despite the bear market that has been affecting the crypto space.

The influx of funds is all the more impressive considering the economic downturn, and Tom Lee, co-founder and head of research at Fundstrat Global Advisors, has praised Bitwise's team for achieving such outstanding results. 'Outstanding results @HHorsley and @Bitwise team / Growing sharply thru crypto winter', Lee tweeted.

The money went into four main product lines: ETFs and ETPs (exchange-traded funds and products), private strategies, staking, and vaults. Three of these options pay investors an income instead of tracking prices.