Bitwise Records $1.8 Billion Inflows Amidst Bear Market, Focusing on Yield
Bitwise Records $1.8 Billion Inflows Amidst Bear Market, Focusing on Yield
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Crypto asset manager Bitwise experienced substantial net inflows of $1.8 billion during a prevailing bear market, a development that drew attention from market strategists like Tom Lee. However, the analysis suggests these significant investments were primarily driven by a pursuit of yield rather than an expectation of immediate price appreciation.
Bitwise drew $1.8B in net inflows and Tom Lee applauded. But the money bought yield, not price upside.