# Bitwise Avalanche ETF

Bitwise Avalanche ETF is an other based in San Francisco, United States.

## Overview

- **Organization type:** other
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** bitwiseinvestments.com

## Regulatory record

- **Reports private funds:** No

## About

Bitwise Asset Management opened in 2017, co-founded by Hunter Horsley and Hong Kim. The firm started with a single bitcoin index fund and has since expanded into a full crypto asset manager, now offering ETFs, private funds, and separately managed accounts. Wealth origin is from the founders' prior careers at Facebook and Meta. Bitwise invests across the digital assets ecosystem, including layer-1 protocols like Avalanche, decentralized finance applications, and infrastructure projects. The firm runs funds that track market-cap-weighted crypto indices, as well as thematic products like the Bitwise Web3 ETF and the Crypto Innovators ETF. Confirmed holdings include AVAX, SOL, and ETH across its fund suite (per SEC filings, 2024). Geographically, Bitwise operates out of San Francisco with additional reach into global crypto markets. The firm's team of roughly 70 professionals is split across investment research, technology, and distribution. Bitwise's AUM crossed $5B in 2024, per the firm. Adjacent to the management company, Bitwise maintains a charitable arm, the Bitwise Impact Fund. November 2023: Bitwise launched the Bitwise Avalanche ETF, the first US exchange-traded product directly tracking the AVAX token (per Bitwise press release, November 2023). Bitwise's structural differentiator lies in its multi-framework approach: the firm operates both as a traditional asset manager (with regulated ETFs) and as a crypto fund startup, managing both passive index funds and actively managed strategies. This dual model allows it to serve both retail ETF buyers and institutional allocators seeking direct crypto exposure.

## Sectors

- FinTech
- AI/ML
- Infrastructure

## People

- Hunter Horsley — CEO
- Hong Kim — CTO

## Questions

### Who runs investment decisions at Bitwise?

Hunter Horsley serves as CEO; Hong Kim is CTO. The firm's investment committee, led by Horsley and Kim, oversees fund allocations. Bitwise employs a team of roughly 70 across research and portfolio management.

### How does Bitwise source proprietary deal flow?

The firm's research team tracks the crypto market for emerging protocols and tokens. It also collaborates with blockchain foundations, including the Avalanche Foundation, for ETF listings and access.

### Which sectors does Bitwise explicitly avoid?

Bitwise filters out tokens deemed to be securities subject to SEC actions, meme coins without fundamental utility, and projects with governance issues. The firm's public ETF filings disclose its avoidance of tokens from sanctioned entities.

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Updated: 2026-06-03T20:00:00.000Z

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