Institutions representing “trillions of dollars” in assets are expected to buy into spot Bitcoin ETFs by June this year, says Bitwise’s Matt Hougan.
Institutions representing “trillions of dollars in assets” are preparing to buy into spot Bitcoin (BTC) exchange-traded funds (ETFs) by the end of June, said crypto-native asset manager Bitwise.
In a March 9 investment memo sent out to investors, Bitwise chief investment officer Matt Hougan said Bitwise was involved in “serious due diligence” discussions with large corporations, major wirehouses and institutional consultants looking to increase their exposure to Bitcoin in the coming months.
“These are bananas numbers for ETFs under [two months] old,” Bloomberg ETF analyst Eric Balchunas said in a March 5 X post reporting earlier figures.
Read more
Source: https://cointelegraph.com/news/large-corporations-wirehouses-prepare-bitcoin-etf-bitwise