The Chief Investment Officer of Bitwise, a leading cryptocurrency asset manager, has projected that the growth of Bitcoin Exchange-Traded Funds (ETFs) will continue for years to come. With the increasing mainstream adoption of Bitcoin and other cryptocurrencies, the demand for ETFs tracking these digital assets is expected to skyrocket.
Crypto traders have brushed off concerns over waning ETF inflows in the market, expressing confidence as Bitcoin maintains its position above $70,000.
Cryptocurrency exchange Binance CEO Changpeng Zhao, commonly known as CZ, has projected that Bitcoin is set to surpass $80,000, attributing this surge to the growing inflows from exchange-traded funds (ETFs).
BlackRock’s Bitcoin exchange-traded fund (ETF) saw a surge in daily volume, setting a new record amidst Bitcoin recouping from its recent price slump.
Bitcoin exchange-traded funds (ETFs) experienced a rapid surge in popularity on Wednesday, with over $1 billion worth of assets being allocated in just one day. This significant increase in investment signifies a growing interest in the cryptocurrency market.
The first gold ETF took two years to hit the $10 billion mark, but the recent Bitcoin ETF has achieved the same feat in just two months. This rapid growth in assets under management is a clear indication of the increasing popularity of cryptocurrencies among investors.
BlackRock and Fidelity have emerged as the big winners in the Bitcoin ETF mania, capturing a whopping 79% of inflows into the ‘Newborn Nine’ funds.
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John Bogle, the outgoing CEO of Vanguard, has been vocal in his criticism of Bitcoin and other cryptocurrencies. He has repeatedly expressed skepticism about the viability of digital currencies as long-term investment options.
Bitcoin exchange-traded funds (ETFs) are seeing a surge in interest from various market participants, with retail investors, hedge funds, and financial advisors leading the way in terms of buying activity. According to Bitwise Chief Investment Officer, larger players are expected to follow suit in the coming months.
Bank of America and Wells Fargo have announced that they will soon offer their clients access to spot Bitcoin exchange-traded funds (ETFs), according to a report from Bloomberg. This marks a significant development in the mainstream adoption of cryptocurrency as both financial institutions are major players in the banking industry.
