California-based Bitwise Asset Management on Wednesday announced the launch of two new crypto funds, a move that could put the firm up against one of the largest investors in the market for digital currencies. The two funds, The Bitwise Bitcoin Fund and the Bitwise Ethereum Fund, join the asset manager’s crypto basket Bitwise 10 Private Index Fund. Bitwise says its clients have been clamoring for crypto-specific funds to invest in despite the bear market.“The 68% drawdown in bitcoin prices this year has given investors a unique opportunity to enter the market at prices many thought we’d never see again,” said Hunter ... (full story)