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Bitwise CEO Highlights Growing Demand for Spot Bitcoin ETFs
In a recent statement, Bitwise Asset Management’s Chief Executive Officer (CEO), Hunter Horsley, expressed his optimism regarding the growing interest in the company’s spot Bitcoin ETF, BITB. The growth is fueled by an increasing demand from institutional and retail investors alike.
The announcement comes as a surprise to many, given the market volatility experienced in recent years. Notably, 63 clients were successfully on-boarded into BITB by a prominent wealth management firm in California, resulting in $300 million in assets under management (AUM). This milestone underscores the increasing adoption of Bitcoin-focused investment products.
Additionally, Horsley emphasized that wealth managers will play a crucial role in introducing traditional finance investors to crypto products. His statement highlights the immense potential for growth and expansion within the digital asset space.
The company plans to release its annual survey findings soon, which is expected to showcase continued client engagement with crypto investments as interest in the market expands among both institutional and retail participants.
CNL’s recent report indicates that institutional investors are becoming increasingly more interested in cryptocurrency investment. This shift towards greater institutional adoption may result in significant growth for various cryptocurrencies, including Bitcoin.
In conclusion, Horsley’s statement serves as a testament to the growing demand for spot Bitcoin ETFs. It is imperative to conduct thorough research and consult with experts before making any investment or trading decision.
Source: cryptonewsland.com
