Bitwise Asset Management said that it has no connection with another firm of the same name whose founders are facing charges.
The asset management firm wrote on Nov. 9:
“San Francisco-based Bitwise Asset Management, Inc., the largest crypto index fund manager in America, has no relationship with, and has never had a relationship with, the now-defunct Bitwise Industries, a former technology company based in Fresno, California.”
Bitwise Asset Management is among the most notable asset managers that are currently attempting to gain approval for a spot Bitcoin ETF through the U.S. Securities and Exchange Commission (SEC). It already offers numerous other crypto-related investment products, including a number of Ethereum futures ETFs.
Bitwise Industries, meanwhile, is a defunct tech company that does not appear to have worked with cryptocurrency in any way.
Two U.S. agencies filed charges against the founders of the latter company today. The SEC said that founders Irma Olguin, Jr. and J
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