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'Bitwise': preparing for a 'larger wave of investors' in the coming period
Bitwise CIO Matt Hogan's comments come as financial institutions, such as Merrill Lynch and Wells Fargo, begin allowing their clients to access Bitcoin trading funds.
Bitcoin exchange-traded funds (ETFs) could see a "bigger wave" of institutional capital once "major companies" allow access to bitcoin trades via new ETFs, according to Bitwise.
âI think there's a bigger wave coming in a few months, which is when the big companies start operating,â Matt Hogan, CIO of Bitwise, said in an interview with CNBC on February 29, adding that the first wave âMost of the momentum surrounding Bitcoin ETFs has come primarily from retail, hedge funds and independent financial advisors so the next wave will be driven by institutional capital,â said Hogan, who referred to ETFs as Bitcoinâs âIPO moment.â
Interestingly, two of the world's largest financial institutions, Bank of America's Merrill Lynch and Wells Fargo, have begun offering Bitcoin ETF services to their clients.
#BTCâŹ
#bitwise
#TrendingTopic
#Write2EarnâŹ
'Bitwise': preparing for a 'larger wave of investors' in the coming period
Bitwise CIO Matt Hogan's comments come as financial institutions, such as Merrill Lynch and Wells Fargo, begin allowing their clients to access Bitcoin trading funds.
Bitcoin exchange-traded funds (ETFs) could see a "bigger wave" of institutional capital once "major companies" allow access to bitcoin trades via new ETFs, according to Bitwise.
âI think there's a bigger wave coming in a few months, which is when the big companies start operating,â Matt Hogan, CIO of Bitwise, said in an interview with CNBC on February 29, adding that the first wave âMost of the momentum surrounding Bitcoin ETFs has come primarily from retail, hedge funds and independent financial advisors so the next wave will be driven by institutional capital,â said Hogan, who referred to ETFs as Bitcoinâs âIPO moment.â
Interestingly, two of the world's largest financial institutions, Bank of America's Merrill Lynch and Wells Fargo, have begun offering Bitcoin ETF services to their clients.
#BTCâŹ
#bitwise
#TrendingTopic
#Write2EarnâŹ
Bitcoin Spot ETFs See Highest Inflows in Two Months
The Bitcoin Spot Exchange-Traded Funds (ETFs) witnessed a significant surge in inflows, reaching a two-month high. Yesterday, a total of $302.9 million was funneled into Bitcoin Spot ETFs, marking a notable uptick in investor interest and confidence in these financial products.
Breakdown of Major Inflows:
Grayscale Investments (GBTC): $27 millionFidelity (FBTC): $131 millionArk Invest and 21Shares (ARKB): $39 millionBitwise (BITB): $86 million
This surge in inflows indicates a growing optimism among investors regarding Bitcoin's future prospects. The significant contributions from major players like Fidelity and Grayscale Investments highlight the increasing institutional interest in Bitcoin as a valuable asset.
The robust inflows into these ETFs not only underscore the rising demand for Bitcoin but also reflect the broader acceptance and integration of cryptocurrency into mainstream financial portfolios. As the market continues to evolve, the role of Bitcoin Spot ETFs is becoming increasingly pivotal, providing investors with a regulated and convenient way to gain exposure to Bitcoin's potential growth.
This renewed interest in Bitcoin Spot ETFs could be a bullish catalyst for the cryptocurrency market, signaling potential upward momentum in the near term. Investors and market watchers will be keenly observing how this influx impacts Bitcoin's price dynamics and the broader market sentiment.
#bitcoin #spotetf #grayscale #fidelity #bitwise
$BTC $ETH
Breakdown of Major Inflows:
Grayscale Investments (GBTC): $27 millionFidelity (FBTC): $131 millionArk Invest and 21Shares (ARKB): $39 millionBitwise (BITB): $86 million
This surge in inflows indicates a growing optimism among investors regarding Bitcoin's future prospects. The significant contributions from major players like Fidelity and Grayscale Investments highlight the increasing institutional interest in Bitcoin as a valuable asset.
The robust inflows into these ETFs not only underscore the rising demand for Bitcoin but also reflect the broader acceptance and integration of cryptocurrency into mainstream financial portfolios. As the market continues to evolve, the role of Bitcoin Spot ETFs is becoming increasingly pivotal, providing investors with a regulated and convenient way to gain exposure to Bitcoin's potential growth.
This renewed interest in Bitcoin Spot ETFs could be a bullish catalyst for the cryptocurrency market, signaling potential upward momentum in the near term. Investors and market watchers will be keenly observing how this influx impacts Bitcoin's price dynamics and the broader market sentiment.
#bitcoin #spotetf #grayscale #fidelity #bitwise
$BTC $ETH
