Bitcoin ETFs See Unprecedented Institutional Adoption
In a recent post on the X platform, Matt Hogan, chief investment officer at Bitwise, noted that Bitcoin ETFs are rapidly gaining acceptance among institutional investors, asserting that they are the fastest-growing ETFs in history.
Hogan added that these funds have managed to raise $17.5 billion in net inflows since their launch in January, putting them on the verge of breaking records for ETFs.
Hogan stated that these funds are on track to break the previous record set by the Nasdaq-100 QQQ stock, which raised $5 billion in its first year.
He stressed that the difference is very large in favor of Bitcoin funds.
Although some critics claim that retail investors are the main force behind these funds, Hogan stressed that institutional investors are a large part of this success, as 13F reports showed that institutions own 21% of current ETF assets under management. He explained that these funds are leading the shift towards institutional adoption in terms of the number of owners and the size of assets under management, compared to other fast-growing funds. Hogan pointed out that hedge funds are showing increasing interest in these funds.
