Trillion-Dollar Bank Approves Bitwise Crypto ETF For Managed Accounts

A global bank with over $1 trillion in assets under management has given the green light to the Bitwise crypto ETF for use in advisor-managed accounts. This significant development, announced by Bitwise CEO Hunter Horsley on July 8, 2025, marks a pivotal moment in the acceptance of regulated crypto investment products by major financial institutions. The bank, whose identity remains undisclosed, is one of the largest and most influential wealth managers globally, and its approval allows financial advisors to incorporate the Bitwise crypto ETF into their clients’ investment portfolios. This move is supported by strong institutional backing and rigorous review processes, indicating a growing trend among wealthy clients seeking to diversify their portfolios beyond traditional stocks and bonds.

This approval signifies a major shift in institutional sentiment toward cryptocurrencies. Previously, individuals could only invest in cryptocurrencies independently or through specialized funds. Now, the Bitwise crypto ETF is positioned alongside conventional investments like stocks and bonds in managed accounts, which are predominantly used by affluent and institutional clients. Bitwise CEO Hunter Horsley emphasized that the next step is to assist financial advisors in developing robust crypto investment strategies, demonstrating Bitwise's commitment to helping advisors navigate this emerging asset class.

The transition from self-managed crypto investments to managed accounts is accelerating. Financial advisors are increasingly seeking regulated crypto options that they can confidently recommend to their clients. The Bitwise crypto ETF addresses this need by providing investors with secure, regulated access to digital assets. This approach is expected to alleviate concerns about safety, price volatility, and regulatory uncertainty, which have historically deterred large institutions from embracing crypto. Marcus Dillinger, a digital asset strategist, noted that this approval brings crypto closer to becoming a mainstream investment option, bridging traditional investments with the future of blockchain technology.

This development aligns with broader trends in the wealth management industry. Bitwise was among the first firms to successfully launch spot Bitcoin and Ethereum ETFs in the U.S., and this latest move further solidifies its leadership in the growing crypto market. Major firms like Morgan Stanley have already begun allowing their advisors to recommend spot Bitcoin ETFs from well-known names such as BlackRock and Fidelity. Horsley’s announcement has sparked speculation about which major bank is leading this significant shift toward crypto investments, highlighting the potential for widespread adoption in the near future.

The identity of the bank, while not disclosed, is crucial due to its substantial influence in the financial world. With over $1 trillion in assets under management, this bank’s approval of the Bitwise crypto ETF for managed portfolios could encourage other large financial institutions to follow suit, especially as more clients demand exposure to digital assets. Leah Moretti, a senior ETF analyst at Arkbridge Investments, suggested that this move could be the catalyst for the entire industry to start incorporating crypto ETFs into regular investment portfolios.

For financial advisors and their clients, this approval marks the beginning of a new era in portfolio diversification. Advisors can now include digital assets in their clients’ portfolios using familiar tools, risk management practices, and regulatory frameworks. This ease of integration makes it simpler for advisors to offer more investment choices to their clients, particularly those who need to adhere to strict guidelines. Bitwise has consistently advocated for easier access to crypto investments, focusing on clear regulations, seamless trading, and robust security in its ETF offerings. The company’s dedication is evident in its expanding range of regulated products, designed to meet the standards of traditional investment options.

In summary, the approval of the Bitwise crypto ETF by a trillion-dollar bank underscores the growing integration of digital assets into mainstream finance. This step not only introduces a new investment product but also reflects increasing trust in crypto investments. As Bitwise continues to support advisors in managing crypto investments, this approval could be a turning point in making digital assets a standard component of investment portfolios.