“I feel like I’m joining the crypto ETF ‘Dream Team’ at Bitwise,” said Hyland. “Bitwise has everything you need to succeed in this space: world-class software and engineering talent, a deep understanding of cryptoassets, and hugely relevant experience in the world of institutional asset management and sales. While regulators still have many questions about the crypto space, I’m excited to work with the team at Bitwise and our partners in the ETF ecosystem to productively engage in that dialogue.”

Bitwise CEO Hunter Horsley said it is committed to making it easy for any investor to get secure, convenient, and low-cost exposure to cryptoassets.

“Exchange-traded products, such as ETFs, are a fantastic way to do that in an efficient wrapper,” Horsley said. “Though they haven’t been possible in the space so far in the U.S., John has deep experience in working with regulators and partners to introduce first-of-a-kind ETFs. We’re thrilled to have him leading our efforts on this front.”

Bitwise launched the world’s first cryptocurrency index fund, the HOLD 10 Private Index Fund, on Nov. 22, 2017. The fund is available to accredited investors and charges a management fee for its Investor Class of 2.5% per year. Through May 13, 2018, the fund was up 32.2% after fees, compared to a 5.3% return for Bitcoin.

For more news and updates on bitcoin and cryptocurrencies, visit our Bitcoin category.

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