Institutional Titans Poised to Boost Spot Bitcoin ETFs in Q2
March 9, 2024
Bitwise anticipates major institutions will begin investing in spot Bitcoin ETFs starting in the second quarter.
Discussions are underway between Bitwise and financial and corporate entities with trillions in assets, including wirehouses, institutional consultants, and large corporations.
The company expects initial substantial investment flows into Bitcoin to occur in the second quarter, with an acceleration expected as the year progresses.
Spot Bitcoin ETFs have already seen $8.9 billion in net inflows, drawing interest from a diverse investor base such as retail investors, hedge funds, asset managers, RIAs, family offices, and venture capital funds.
The growing interest in Bitcoin ETFs indicates a major shift, providing professional investors a regulated and familiar way to engage with cryptocurrency investments.
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CryptoSlate • Mar 8, 2024
Bitwise reveals major institutions will start investing in Bitcoin ETFs starting Q2