Summary: After experiencing Monday's plunge, Bitcoin continued to fall on Tuesday and fell below $46,000. However, investors’ optimistic expectations for Bitcoin have not wavered, and institutions are still pouring in.
After experiencing Monday's plunge, Bitcoin continued to decline on Tuesday and fell below $46,000. However, investment by optimistic expectations for Bitcoin not shaken, institutions are still influx.
Crypto asset manager and index provider Bitwise announced on Tuesday that the total asset under management (AUM) of its funds exceeded the $1 billion milestone. The largest of these is the Bitwise 10 Encrypted Index Fund, which was launched in 2017 and has recently had assets under management of more than US$900 million.
Bitwise Bitcoin Fund, Bitwise Ethereum Fund and the newly launched DeFi crypto index fund also showed strong growth. Earlier this month, Bitwise submitted a new cryptocurrency innovation fund application to the US Securities and Exchange Commission.
In addition, M31 Capital, a global investment company headquartered in New York, has filed with the US Securities and Exchange Commission (SEC) to launch its new Bitcoin hedge fund: M31 Capital Bitcoin Access Fund.
The document shows that the minimum investment for external investors is US$10,000, and other specific details were not disclosed.
According to the company’s official website, M31 Capital is a global investment company focused on crypto assets and blockchain technology. Its three entities include: hedge fund M31 Capital, which focuses on crypto assets, and early risks of blockchain technology companies. M31 Ventures, an investment company, and M31 Mining, a cryptocurrency mining company focused on Bitcoin and Zcash.