Hunter Horsley: Bitwise Sees Over $1.8 Billion Net Inflows in First Half
Bitwise CEO Hunter Horsley stated that despite the bear market, investors have netted over $1.8 billion into Bitwise products in the first half of the year.
The four main business lines—ETF/ETP, private active/alpha strategies, Staking, and Vaults—each saw net inflows exceeding $100 million.
The company consists of over 150 personnel from finance and technology, positioning itself as an advocate for the crypto ecosystem, helping investors engage with emerging opportunities.
Some reports indicate that the company manages approximately $5 billion in assets, with the Solana Staking ETF (BSOL) performing notably, netting $267.1 million in subscriptions and ending with net assets of $592.3 million.
The spot Bitcoin ETF (BITB) saw $755 million in creations and $900 million in redemptions during the same period, resulting in a decrease in net shares.
Funds continued to flow in despite a price drop of about 36%, indicating institutional and investor demand for diversified crypto products. Professional managers like Bitwise benefit as event-driven funds concentrate on compliant and yield-generating products, while pure price exposure products face pressure.
Source: Public Information
ABAB AI Insight
Bitwise started around 2017, focusing on institutionalizing crypto asset management, initially laying out indices and ETFs. After the approval of the Bitcoin spot ETF in 2024, it accelerated its expansion. Hunter Horsley, previously at Facebook and Instagram, brings a tech product mindset to crypto asset management.
Funds are flowing into passive ETFs, active strategies, Staking yields, and Vaults, motivated by the pursuit of yield enhancement and risk diversification in a bear market, strategically shifting crypto from single price speculation to multi-strategy allocation tools.
Similar to BlackRock and Fidelity's product matrix expansion in traditional asset management, and Grayscale's transition from trust to ETF, Bitwise is currently in the expansion phase from single Bitcoin exposure to comprehensive crypto asset management.
Essentially, this represents capital concentration. The bear market filters out players with compliance, product depth, and operational capability, shifting funds from retail speculation to institutional management platforms, with net inflows validating long-term allocation demand rather than short-term price-driven actions.
ABAB News · Law of Cognition
- The bear market is the true filter for funds.
- The more comprehensive the product matrix, the stronger the cyclical resistance.
- During price declines, net inflows are more convincing.