Chief Investment Officer of Bitwise: Bitcoin allocation ratio discussed by investors has exceeded 3%

According to BlockBeats, Bitwise Chief Investment Officer Matt Hougan said that discussions about Bitcoin with professional investors have increased from 1% allocation ratio in 2018 to more than 3% today. Hougan believes that the newly launched U.S. spot Bitcoin exchange-traded fund (ETF) is the main reason for this change, as it reduces Bitcoin’s downside risk. Although real institutional investors (such as pension funds, endowment funds, etc.) will still focus on allocations below 1%, for the wealth market, allocations above 3% have become a new trend. In the more than two months since the ETF launched, inflows into the U.S. spot Bitcoin ETF have totaled approximately $11.7 billion, indicating long-term sustained demand that is expected to last for many years.