‘It’s Bitcoin IPO Time’: Bitwise CIO on ETFs Driving BTC Up

'It's Bitcoin IPO Time': Bitwise CIO on ETFs Driving BTC Up

Appearing today on CNBC’s Squawk Box, Bitwise CIO Matt Hougan shed some light on what he thinks about the current Bitcoin boom caused by spot BTC exchange-traded funds. Furthermore, he clarified who the main clients of these ETFs are. Bitwise Investments is a leading crypto index fund and ETF provider, one of the companies that launched Bitcoin spot ETFs in January.

Content
Advertisement

Appearing today on CNBC’s Squawk Box, Bitwise CIO Matt Hougan shed some light on what he thinks about the current Bitcoin boom caused by spot BTC exchange-traded funds. Furthermore, he clarified who the main clients of these ETFs are. Bitwise Investments is a leading crypto index fund and ETF provider, one of the companies that launched Bitcoin spot ETFs in January.

Related
‘Rich Dad Poor Dad’ Author Comments on Massive Bitcoin Rise

Meanwhile, the world’s leading digital currency, Bitcoin, continues to trade above the $63,000 level, surpassing the April 2021 high. Since the beginning of 2024 (in just two months), BTC has already increased its price by approximately 50 % and, as many experts believe, appears to be approaching a new all-time high.

‘It’s a Bitcoin IPO moment’: Matt Hougan

Responding to a question from Squawk Box co-host Andrew Sorkin about what type of investors are buying spot Bitcoin ETFs, Hougan shared that these are all categories of investors. Therefore, these are financial institutions, retail investors and hedge funds.

Hougan believes that in a few months the market will probably see an even bigger wave of investors arrive: major investment houses are starting to turn to ETFs.

The CIO has referred to the recent massive Bitcoin price surge as a “Bitcoin IPO moment” and “a new era of Bitcoin price discovery.” An IPO (initial public offering) here most likely refers to the fact that spot Bitcoin ETFs allow investors to buy ETF shares backed by Bitcoin.

Matt Hougan expects that from the current level the price of Bitcoin can rise “substantially.”

Related
Hopefully cryptocurrencies can rescue the financial system: smart trader Peter Brandt

Bitcoin ETF Demand Will Increase, Hougan Says

Regarding the question of who and in what proportion financial institutions and retail holders buy these ETF shares, Hougan stated that mainly the first group that always starts buying ETFs are retail investors and hedge funds. They will be joined later by independent financial advisors, he says.

To demonstrate that the investment flow is sure to be much larger, Hougan said that after speaking with CNBC, he will take a plane to discuss these ETFs with one of the largest institutional advisory firms in the US, without revealing the name.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة