EddieJayonCrypto
27 Mar 24
Bitwise CIO Matt Hougan predicts that the overwhelming demand for Bitcoin spot ETFs over the past two months will continue for many years, with massive dispersion in the pace of adoption of Bitcoin ETFs. Despite absorbing net inflows of $11.7 billion since launching in January, professional investor...
Bitwise CIO Matt Hougan predicts that the overwhelming demand for Bitcoin spot ETFs over the past two months will continue for many years, with massive dispersion in the pace of adoption of Bitcoin ETFs. Despite absorbing net inflows of $11.7 billion since launching in January, professional investors still cannot buy Bitcoin ETFs, and demand from "accumulation addresses" has skyrocketed. Investors now prefer a 3% or higher Bitcoin portfolio share, de-risked by ETFs, while institutional investors remain very under-invested in Bitcoin, comprising only 0.2% of their portfolios. The overwhelming demand for Bitcoin spot ETFs over the past two months is likely to continue for many years, predicts Bitwise CIO Matt Hougan. The executive highlighted “key takeaways” from his interactions with investors and capital allocators this month who are interested in buying into the ETFs. One takeaway is that there is “massive dispersion in the pace of adoption of bitcoin ETFs.” While some financial advisors and national account platforms are plugging into the products as early as possible, others aren’t considering any portfolio allocation for their clients—or aren’t enabling them on their platforms until next year.
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