Large corporations and consulting firms are gearing up to invest in spot Bitcoin ETFs by June 2024 according to Bitwise’s CIO.
Bitwise, one of the issuers of a spot Bitcoin ETF, recently communicated strong interest from large institutional entities to invest in Bitcoin through the spot ETFs. Through an investor note sent on March 9th, Bitwise’s CIO, Matt Hougan, revealed that the company is conducting thorough due diligence activities with representatives from large corporations, wirehouses, and consulting firms.
According to data provided by BitMEX Research, since launch, Bitcoin ETFs have attracted a total of $8.89 billion in inflows. Hougan argues that a significant portion of retail investors, family offices, hedge funds, and venture capital firms are seeking to increase their allocation to Bitcoin. According to Bitwise’s CIO, capital flow into ETFs will continue to grow throughout the latter part of the year.
