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Katherine Dowling Joins Bitwise as General Counsel & Chief Compliance Officer

San Francisco
March 04, 2021

The former federal prosecutor and veteran general counsel joins Bitwise’s leadership team as the firm enters a new phase of growth.

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SAN FRANCISCO – MARCH 4, 2021 – Bitwise Asset Management, a leading crypto asset manager, announced today that it has hired Katherine Dowling as General Counsel and Chief Compliance Officer.

Dowling brings more than two decades of experience to Bitwise, including 10 years prosecuting complex financial crimes in the United States Attorney’s Office and as an executive leader in both early-stage and well-established private equity and wealth management firms.

“We are delighted to have Katherine join the Bitwise leadership team. Her unique blend of experiences and capabilities connect several of the most important vantage points for understanding and leading the development of the emerging crypto asset class,” said Bitwise CEO Hunter Horsley. “Having Katherine onboard will significantly accelerate our growth as we bring high quality crypto funds to investment professionals within the existing and evolving domestic regulatory landscape.”

A Harvard Law graduate, Dowling served as Assistant U.S. Attorney in the Economic Crimes Unit of the U.S. Attorney’s Office for the Northern District of California from 2003 to 2014, where she played a key role in prosecuting insider trading, Ponzi schemes, identity theft, and fraud cases, among others.

Dowling went on to leadership roles as Managing Director, Chief Operating Officer and Chief Compliance Officer for Luminate Capital Partners, a private equity firm focused on the software space, and True Capital Management, a $1+ billion financial advisory firm focused on the sudden-wealth market.

At Bitwise, Dowling will help drive the company’s efforts to provide high quality crypto funds to the professional investment community. Bitwise’s assets under management (AUM) recently crossed over $1 billion, with record inflows across the Bitwise 10 Crypto Index Fund (OTCQX: BITW), the Bitwise DeFi Crypto Index Fund, the Bitwise Bitcoin Fund, and the Bitwise Ethereum Fund. The firm plans to introduce additional funds and strategies in the coming months.

Currently a team of 14, Bitwise is expanding rapidly, with several open roles across portfolio management, engineering, investor relations, sales, and research.

About Bitwise Asset Management

Bitwise Asset Management is a leading provider of index and beta crypto funds. Based in San Francisco, Bitwise’s team combines expertise in technology with decades of experience in traditional asset management and indexing—coming from firms including Facebook, Google, Wealthfront, BlackRock, Fidelity, Deutsche Bank, IndexIQ, and ETF.com. Bitwise is backed by leading institutional investors and asset management executives, and is a frequent commentator on crypto in the press. It has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, The Wall Street Journal, The New York Times, and many other leading publications. The firm is a trusted partner to financial advisors, RIAs, multifamily offices, hedge funds, and other professional investors as they navigate the crypto space. For more information, visit: www.bitwiseinvestments.com.

Risk Disclosure and Important Information

Forward-Looking Statements: This communication includes forward-looking statements. All statements other than statements of historical information provided herein are forward-looking and may contain information about known uncertainties. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “should,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” and “anticipates” and the negative thereof and other variations thereof and comparable terminology, and by discussions of strategy, plans, intentions, and unrealized investment results. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this communication, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. We caution the reader that actual results could differ materially from those expected, depending on the outcome of certain factors, including, without limitation, regulatory developments. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Past performance is not a guarantee of future results.

This press release is neither an offer to sell nor a solicitation for an offer to buy Interests in any Fund. Any such offer or solicitation will be made solely through definitive offering documents, identified as such, which will contain information about each fund’s investment objectives, terms and conditions of an investment, and may also describe risks and tax information related to an investment therein, and which qualifies in its entirety the information set forth in this press release. Prospective investors must not construe the contents of this document as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisers with respect to legal, tax, regulatory, financial, accounting, and similar consequences of investing in any Fund. The Units and the Shares (the “Interests”) of the Funds have not been registered under the Securities Act of 1933 (“the Securities Act”), the securities laws of any state, or the securities laws of any other jurisdiction, nor is such registration contemplated. The Interests will be and have been offered and sold under the exemption provided by Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder and other exemptions of similar import in the laws of the states and jurisdictions where the offering will be made. The offer and sale of the Interests have not been registered with or approved or disapproved by the Securities and Exchange Commission (the “SEC”) or the securities commission or regulatory authority of any state or foreign jurisdiction. The Funds mentioned herein are not registered as investment companies under the Investment Company Act of 1940, as amended, and Bitwise believes that such registration is not required. Bitwise is not registered as an Investment Adviser under the Investment Advisers Act of 1940 (the “Advisers Act”), and is not registered as a Commodity Pool Operator or Commodity Trading Adviser under the Commodity Exchange Act (the “Commodity Exchange Act”).

The Shares of Funds that are publicly quoted on the OTCQX Best Market are Shares that have become “unrestricted” under Rule 144 of the Securities Act one year and a day subsequent to the date that the Shares were originally issued (although Shares held by affiliates and insiders will be subject to additional restrictions on resales, including restrictions on the number of Shares that may be resold within any three-month period). Shares that have become unrestricted may be quoted on the OTCQX Best Market and may be purchased and sold throughout the trading day through any brokerage account with access to such markets.

No Advice on Investment; Risk of Loss: Prior to making any investment decision in respect of any Fund or Shares of any Fund, each investor must undertake its own independent examination and investigation of the Fund, including the merits and risks involved in an investment in the Fund or Shares, and must base its investment decision—including a determination whether Shares would be a suitable investment for the investor—on such examination and investigation, and must not rely on Bitwise or the Funds in making such investment decision. Prospective investors must not construe the contents of this document as legal, tax, investment, or other advice. Each prospective investor is urged to consult with its own advisors with respect to legal, tax, regulatory, financial, accounting, and similar consequences of investing in any Fund, the suitability of the investment for such investor, and other relevant matters concerning an investment in the Fund. This press release contains limited information regarding the terms of the Fund. The summary set forth on this document does not purport to be complete, and is qualified in its entirety by reference to the definitive offering documents relating to each Fund and/or in each case, if available in addition, the Fund’s Annual Report or Information Statement and Quarterly Reports, which can be found on www.otcmarkets.com for the Bitwise 10 Crypto Index Fund (Symbol: BITW). Do not place undue reliance on this press release.

Information May Change and Be Inaccurate, Incomplete, or Outdated: The information in this document is for discussion purposes only, and no representations or warranties are given or implied. All of the information presented herein is subject to change without notice.

For More Information

[email protected]

www.bitwiseinvestments.com

To request an interview or for further information about Bitwise, we ask that members of the press please contact:

Frank Taylor/Ryan Dicovitsky
Dukas Linden Public Relations
[email protected]

Author
Bitwise Asset Management

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