The success of Bitwise’s $70 million equity funding round in February 2025 reflects a broader trend of increasing institutional adoption of cryptocurrencies as a legitimate and mainstream investment asset

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Recently, traditional financial institutions have been embracing cryptocurrencies, including those that were once critical of it.
Bitwise completes a $70 million equity raise led by Electric Capital with participation from MassMutual and others, highlighting institutional acceptance of crypto as a legitimate asset class.