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Bitwise CEO Highlights Growing Demand for Spot Bitcoin ETFs
Bitwise Asset Management’s Chief Executive Officer (CEO), Hunter Horsley, has expressed optimism regarding the growing interest in the company’s spot Bitcoin ETF (BITB). According to recent reports, a significant wealth management firm in California has successfully onboarded 63 clients into the BITB ETF. The notable milestone is marked by the fact that this particular client manages $300 million in assets under its jurisdiction.
The remarkable growth of the BITB ETF is underscored by its current market capitalization, which stands at an impressive $4.08 billion. This growth is not only a testament to the rising demand for spot Bitcoin ETFs but also reflects the firm’s commitment to providing institutional-grade investment solutions for Bitcoin enthusiasts.
The data further suggests that there is no indication of slowing down in the rate at which users are engaging with these crypto investments. As such, it appears likely that this upward trend will continue unabated as the market for digital assets continues to expand among both retail and institutional investors alike.
It remains to be seen what other developments will arise from Bitwise’s annual survey, but one thing is certain: there is a growing demand for spot Bitcoin ETFs.
Source: cryptonewsland.com
