Institutions representing “trillions of dollars” in assets are expected to buy into spot Bitcoin ETFs by June this year, says Bitwise’s Matt Hougan.
Institutions representing “trillions of dollars in assets” are preparing to buy into spot Bitcoin (BTC) exchange-traded funds (ETFs) by the end of June, said crypto-native asset manager Bitwise.
In a March 9 investment memo sent out to investors, Bitwise chief investment officer Matt Hougan said Bitwise was involved in “serious due diligence” discussions with large corporations, major wirehouses and institutional consultants looking to increase their exposure to Bitcoin in the coming months.
Hougan said that Bitwise had already confirmed that a wide array of individual retail investors, family offices, hedge funds and venture capital firms were looking to snap up more allocation into spot Bitcoin ETFs.
