Bitwise Expands Institutional Offerings with Options Overlay Strategies Led by Gordon Grant

Bitwise Asset Management, a prominent crypto asset manager, is expanding its services to include specialized options overlay strategies for institutional investors holding significant spot crypto assets. This initiative aims to generate yield and income for clients with over $50 million in cold storage, as highlighted by Bitwise CEO Hunter Horsley. The solution is spearheaded by Gordon Grant, who recently joined Bitwise as Portfolio Manager and Head of Derivatives.

Hunter Horsley announced this lesser-known aspect of Bitwise's operations via a social media post, stating, "For investors with $50M+ of spot assets in cold storage, Bitwise manages overlayed options strategies to generate yield/income customized to their objectives." He further noted that "@tradecoin14, PM & Head of Derivatives at Bitwise leads this solution." This confirms Gordon Grant's pivotal role in developing and managing these advanced strategies.

Gordon Grant brings extensive experience in the crypto derivatives industry, having previously served as Head of Sales and Trading at Genesis, a major player in crypto derivatives. His expertise is crucial for advising institutional and high-net-worth investors on utilizing complex derivatives to enhance returns and manage risk within their digital asset portfolios. Grant's appointment is part of Bitwise's broader strategy to deepen its push into alpha strategies and derivatives.

Bitwise's move into tailored options strategies underscores a growing trend in the crypto market to offer more sophisticated financial products to institutional clients. These strategies are designed to provide income generation through options overlays on substantial spot holdings, alongside custom digital asset treasury management programs and multi-strategy solutions. This expansion reflects the evolving demands of large-scale investors seeking diversified exposure and yield opportunities in the digital asset space.

The firm, with over $15 billion in client assets, has a seven-year track record in crypto asset management, serving a wide range of clients including private wealth teams, RIAs, family offices, and institutional investors. The introduction of these derivatives-focused solutions further solidifies Bitwise's position as a leader in bridging traditional finance with the burgeoning crypto ecosystem.