BTC

Bitwise Bitcoin ETF Enters $30B Advisor Network Amid Record Inflow

This move signifies the increasing integration of cryptocurrencies into traditional investment portfolios, boosting their credibility and acceptance.

BSCN

February 20, 2024

Bitwise CEO Hunter Horsely has announced that the Bitwise Bitcoin ETF is now available for recommendation by Registered Investment Advisors (RIAs) within a vast $30 billion investment advisor network, according to a report by CryptoSlate.

As a result of this development, more institutional investors can access cryptocurrency investment options through trusted advisors, further enhancing Bitcoin's credibility.

Bitcoin ETFs are reportedly gaining popularity as more investors seek regulated investment products to gain exposure to digital assets.

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Bitwise Bitcoin ETF Recent Growth

With a staggering $232.1 million inflow this past week, Bitwise has gained a lot of traction in the ETF market. Chief Investment Officer Matt Hougan expressed amazement at the rapid growth but recommended caution when maintaining it.

Hougan predicts another 18 months of growth for the Bitwise Bitcoin ETF, highlighting the dynamic nature of the evolving cryptocurrency market.

According to HeyApollo data, Bitwise's ETF currently ranks fourth among recent Bitcoin ETF launches, trailing BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's Wise Origin Bitcoin Trust (FBTC), and Ark and 21 Shares ETFs.

As a result of its transparency, the fund has attracted substantial Bitcoin contributions and accolades from the crypto community.

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