Hedge fund managers Loeb and Druckenmiller back Bitwise in USD70m funding round

Bitwise Asset Management, one of the world’s largest cryptocurrency index fund managers, has raised USD70 million in a Series B funding round led by Elad Gil and Electric Capital. New backers include Daniel Loeb’s Third Point LLC, alongside individual investors Henry Kravis, and Stanley Druckenmiller.

Read the full story at Private Equity Wire…


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