Bitwise Says It Is Working With More Than 20 Wealth Platforms on Crypto ETP Approvals

Bitwise Asset Management says it is working with more than 20 wealth management platforms on crypto ETP approvals, according to an unconfirmed report. CoinMarketCap published the account on October 15, 2026, attributing the figure to a single source that could not be independently confirmed in English-language reporting.

What Bitwise Says About the Platform Reviews

The report attributes the more-than-20 figure to Bitwise in connection with crypto ETP approval processes. No direct Bitwise statement naming the platforms or specifying the products under review was located, and the report does not confirm any completed approvals or timelines.

The work described involves approval processes at wealth management platforms, which are internal distribution or due-diligence decisions by those firms, not regulatory approvals by the SEC or any other agency. A platform approving a crypto ETP for its advisors to recommend is a separate action from the SEC authorizing the product to trade on an exchange.

Wealth management platforms, including broker-dealer networks and RIA custodians, typically conduct independent due-diligence reviews before permitting advisors to place client assets into a given product. A crypto ETP must clear that internal gatekeeping process at each platform separately, so the reported engagement describes ongoing review pipelines rather than confirmed distribution agreements.

The reported statement does not name any of the more than 20 platforms, does not identify which crypto ETPs are under review, and does not provide a timeline for when any approvals might be granted. Whether the approvals in question are for spot Bitcoin ETPs, Ethereum products, or other crypto instruments in Bitwise's more-than-70-product lineup remains unspecified.

Bitwise's Stated Distribution Reach

Bitwise describes itself as a global crypto asset manager overseeing $9 billion in client assets, with a product suite spanning more than 70 investment vehicles across ETFs, separately managed accounts, private funds, DeFi strategies, and staking. According to its company overview, Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. Those figures represent Bitwise's stated existing client base, not the more-than-20 platforms in the unconfirmed report.

Bitwise's Recent Fund and Product Moves

According to akta.pro company records, Bitwise assumed portfolio management of the Bitwise Crypto Carry Fund (USCC) in June 2026, a tokenized private fund with $259 million in AUM employing a market-neutral basis trade strategy and structured as a Delaware Statutory Trust delivering approximately 4% net annualized yield. The same records show Bitwise completed the transition of investment management of the Superstate Crypto Carry Fund that month, renaming it the Bitwise Crypto Carry Fund, and put client assets under management at $11 billion as of 2026, up from $5 billion in late 2024.

Earlier Bitwise Product and Market Calls

Bitwise closed its Dogecoin ETF, citing insufficient demand, and is adding AI-focused ETFs, with CEO Hunter Horsley attributing the shift to investors favoring assets with onchain utility such as Solana over meme coins, CoinMarketCap reported in October 2026. Bitwise's NEAR ETF held 15.77 million NEAR, worth about $79.2 million, two weeks after launch, after raising $35.5 million on day one and $52.8 million by week one, Crypto Briefing reported in October 2026. Bitwise CIO Matt Hougan said Q3 may have been one of the best crypto quarters, citing a 46.4% quarterly gain in its large-cap crypto index and $6 billion in US spot Bitcoin ETF inflows, Cointelegraph reported in October 2026.