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Wealth managing companies may increase their investments in Bitcoin exchange-traded funds (ETFs) according to Bitwise CEO Hunter Horsley.&nbsp; 
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 By the end of 2024, people are going to be stunned by how many wealth management firms own a bitcoin ETF. They’re smart, many extremely well informed, and increasingly share conviction on Bitcoin. Oh, and they’re long only. Going to be an amazing new constituent in the…— Hunter Horsley (@HHorsley) <a href="https://twitter.com/HHorsley/status/1781808283067834426?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 20, 2024</a>
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This forecast is as it is predicted that Bitcoin ETFs will become even more in demand months after the <a href="https://www.cryptotimes.io/2024/04/20/bitcoins-840000th-block-halving-cuts-miner-rewards-by-50/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin halving event</a>.&nbsp; 
The inclination of his expectation goes with the market thinking which indicates that there is a rising desire for ETFs. Just before halving day, recent data shows that U.S. Bitcoin ETFs rose after five consecutive days of withdrawals. 
BlackRock’s iShares Bitcoin Trust (IBIT) quickly <a href="https://sosovalue.xyz/assets/etf" target="_blank" rel="noreferrer noopener" data-wpel-link="external">catching</a> up to Grayscale’s Bitcoin Trust (GBTC) reflects the change in holdings by ETFs. IBIT has total assets worth approximately $17.3 billion, and GBTC has $19.4 billion only $2 billion ahead. 
It should be noted, however, that Grayscale seems to be losing its long-held position as a leading player in this segment to Fidelity and BlackRock who have taken significant stakes in their own ETFs shortly after launching them.&nbsp; 
Moreover, The emerging dynamics are likely to make this developing market change considerably as private bankers increasingly find ways of introducing themselves to Bitcoin via ETFs 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/21/ivorypay-tether-partner-to-boost-crypto-in-africa/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Ivorypay, Tether Partner to Boost Crypto in Africa</a> 
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Wealth Firms May Buy More Bitcoin ETF Holdings: Bitwise CEO

The Crypto Times

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