BitVest CEO Highlights Growing Interest in Bitcoin ETFs, Survey Shows Rising Demand for Cryptocurrency
Recently, BitVest CEO Hunter Horsley published a post on X expressing enthusiasm for the growing interest in the company's spot Bitcoin ETF. Notably, BitVest's latest research shows that 24 out of 25 financial advisors have received client inquiries about cryptocurrencies in the past year, indicating a growing demand for cryptocurrency investments.
Hunter Horsley shared on X that an unnamed wealth management firm in California, USA, has invested 63 clients through BitVest's spot Bitcoin ETF BITB. BitVest CEO Hunter Horsley shared with his 50,000 followers on X that this achievement was achieved in less than a year.
The California wealth management firm, which manages $300 million in assets, emailed today that they invested 63 clients in Bitcoin through our ETF.
This makes me very happy.
Wealth managers will help millions of investors participate in opportunities in this space. It's a pleasure to support them.
In total, the client manages $300 million in assets under management (AUM). Horsley added that he is happy about the achievement, noting that the wealth manager will help millions of investors participate in the opportunities in this space. "It is our honor to support them." He added.
Notably, he also expects millions of investors to join the spot Bitcoin ETF. Currently, BitVis's spot Bitcoin ETF BITB has an AUM of $4.08 billion. BitVis Spot Bitcoin ETF accounts for 3.65% of the total AUM in the BTC ETF segment. It is also the fastest growing ETF, with Bitcoin reserves growing by 2.14% week-on-week.
BitVis' annual survey shows that 96% of US clients are interested in cryptocurrencies. As of January 11, 2024, Bitcoin spot ETFs have an AUM of more than $112 billion, making it the largest collective Bitcoin reserve ever. Ishares Bitcoin Trust ETF (IBIT) ranks as the eighth largest ETF by total locked value (TVL) across all investment sectors.
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