Bitcoin ETF

Bitcoin

Gains

<div class="insidebitcoins">
 Crypto asset manager Bitwise says institutions holding “trillions of dollars in assets” will unleash a wave of spot Bitcoin ETF (exchange-traded fund) buying by the end of June.&nbsp;
 Investors including large corporations, institutional consultants and huge wirehouses all want to increase their exposure to Bitcoin (BTC) in the next few months, said the asset manager’s chief investment officer, Matt Hougan, in a March 9 note.&nbsp;
 “I’d suspect we’ll see our first significant flows from these three groups in Q2 2024,” he said, adding that the inflows will ”accelerate throughout the year.”
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="Spot Bitcoin ETF: What Is It &amp; Should You Buy It? (2023) - Athena Alpha" data-lazy-src="https://cdn.thebittimes.com/images/2024/03/12/2dafa7ca0e8d1a27423ee39e39957238.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2024/03/12/2dafa7ca0e8d1a27423ee39e39957238.webp" alt="Spot Bitcoin ETF: What Is It &amp; Should You Buy It? (2023) - Athena Alpha">
 </noscript>
 <h2 id="span-style-font-weight-400-bitcoin-etf-inflows-could-blast-btc-price-past-200-000-in-2024-span">Bitcoin ETF Inflows Could Blast BTC Price Past $200,000 In 2024 </h2>
 Hougan said the institutional flood gates have been opened for the Bitcoin market and that that has ignited a new “price discovery” era for the largest crypto in terms of market capitalization. 
 As a result, he believes BTC could surpass Bitwise’s 2024 price target of $80,000, reaching as high as $100,000 to $200,000 or even higher.
 The prediction is based on his belief that the supply of BTC cannot keep up with surging demand, a sentiment echoed by MicroStrategy’s Michael Saylor.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 "With #Bitcoin right now … there is too much demand and not enough supply." – Matt Hougan, CIO Bitwise pic.twitter.com/1B0joUQ1Pp
 — Michael Saylor⚡️ (@saylor) February 29, 2024
 </blockquote>
 
 This comes after the newly-launched Bitcoin ETF investment vehicles collectively registered nearly $9 billion in net inflows since Jan. 11.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 [3/4] Total net flow since 11th Jan 2024 is now $8,895.6 million. pic.twitter.com/61VmMD9vqc
 — BitMEX Research (@BitMEXResearch) March 7, 2024
 </blockquote>
 
 <h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
 <ul>
 <li style="font-weight: 400;">Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</li>
 <li style="font-weight: 400;">Arizona Senate Wants State Pensions To Consider Adding Bitcoin ETFs To Portfolios</li>
 <li style="font-weight: 400;">Bitcoin Price Prediction: As BlackRock’s BTC Holdings Surpass Michael Saylor’s MicroStrategy, Traders Turn To This ICO For Explosive Gains – Too Late To Buy?</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/institutional-investors-to-unleash-more-massive-bitcoin-etf-buying-btc-may-soar-past-200k-this-year-bitwise-says-tbt82275.html">https://thebittimes.com/institutional-investors-to-unleash-more-massive-bitcoin-etf-buying-btc-may-soar-past-200k-this-year-bitwise-says-tbt82275.html</a>
</div>

Institutional Investors To Unleash More Massive Bitcoin ETF Buying, BTC May Soar Past $200k This Year, Bitwise Says

Table of Contents

TheBitTimes

Other articles published on Mar 11, 2024

Onyxcoin (XCN) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Revolutionizing Memory Care: Sensay Unveils AI-Powered Digital Replicas for Dementia Support and ...

Crypto Price Prediction: Can Bitcoin Recovery Hit $80000 This Month?

How BEFE Coin Could Turn Your $50 Into a Million – The Investment Opportunity of a Lifetime!

What's Going On With Coinbase Stock As Bitcoin Rallies?

BRICS is Developing a Blockchain-Based Direct Payment System

Join our free newsletter for daily crypto updates!