Crypto asset management firm Bitwise announced a $70 million raise from Electric Capital, MassMutual, and others that will be invested in the team and on-chain solutions.

The SEC’s approval marks a key milestone for bitcoin and ether ETPs, bringing their creation and redemption processes in line with those of traditional-asset ETFs and ETPs.

Bitwise Asset Management, a global crypto-focused alternative asset manager, announced today that the company recently surpassed $15 billion in client assets ...