According to BlockBeats, Bitwise Chief Investment Officer Matt Hougan stated on March 27 that discussions with professional investors about Bitcoin allocation have shifted from a 1% focus since 2018 to now discussing allocations of over 3%. Hougan pointed out that the newly launched US spot Bitcoin exchange-traded fund (ETF) is the main reason for this change, as it reduces the downside risk of Bitcoin. If the possibility of 'going to zero' no longer exists, then a 3% or 5% allocation begins to seem more reasonable.
Although true institutional investors, such as pension funds and endowments, will still focus on allocations below 1%, for the wealth market, allocations above 3% have become a new trend. Hougan also mentioned that since the launch of the ETF over two months ago, the total amount of funds flowing into the US spot Bitcoin ETF has reached approximately $11.7 billion, indicating a long-term sustained demand, which is expected to continue for several years.