Why a Fund Manger Left BlackRock to Trade Bitcoin and Pudgy Penguins NFTs

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In brief

  • Jennifer Thornton transitioned from a traditional finance role at BlackRock to become a senior index fund portfolio manager at Bitwise in 2021.
  • Thornton now manages unconventional investments like the Bitwise Blue-Chip NFT Index Fund.
  • The crypto industry employed approximately 199,000 people as of 2023, with expectations of growth as institutions increasingly embrace crypto.

For years, Jennifer Thornton’s career had hummed along a fairly conventional path. A portfolio manager, she spent more than a decade at BlackRock, where her duties included trading risk-off assets like government bonds.

But, in 2021, Thornton’s career took a sharp turn—she left her post at the world’s largest asset manager and entered the world of Web3. 

“There’s just a lot of opportunities here,” Thornton said of the crypto industry. That’s particularly true for women, she added,  despite the fact that the space’s ranks are overwhelmingly…

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