BTC
by BSCN
February 20, 2024
This move signifies the increasing integration of cryptocurrencies into traditional investment portfolios, boosting their credibility and acceptance.
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.
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.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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