Bitcoin ETF

Spot

<ul>
 <li><strong>$40 billion wealth manager invests in Bitcoin via Bitwise ETF, boosting institutional interest.</strong></li>
 <li><strong>Morgan Stanley enables advisors to offer Spot Bitcoin ETFs, reflecting growing crypto adoption.</strong></li>
</ul>
<p>After the $1.4 trillion asset manager offered Bitcoin and XRP ETFs to clients, as CNF <a href="https://www.crypto-news-flash.com/breaking-1400000000000-asset-manager-to-offer-bitcoin-and-xrp-etf-to-clients/" rel="noopener noreferrer nofollow">reported</a> in April, a prominent wealth management firm with $40 billion in assets under management (AUM) has opted to invest in Bitcoin through the Bitwise Bitcoin ETF (BITB). This news was shared by Bitwise CEO Hunter Horsley in a recent social media update, where he expressed enthusiasm about the investment decision.</p>
<p>According to a tweet from community member Collin Brown, Bitwise CEO Hunter Horsley has confirmed that a major wealth management firm, managing $40 billion in assets, is investing in Bitcoin via the Bitwise Bitcoin ETF (BITB).</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitwise CEO Hunter Horsley confirms a $40B wealth manager is investing in Bitcoin through the Bitwise Bitcoin ETF (BITB). This significant move underscores growing institutional interest as Bitcoin's price recovers. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> <a href="https://twitter.com/hashtag/BITB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BITB</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/InstitutionalInvestment?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#InstitutionalInvestment</a>… <a href="https://t.co/pZAs0jokTb" rel="noopener noreferrer nofollow">pic.twitter.com/pZAs0jokTb</a></p>
 <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1820902547391176965?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 6, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>He emphasized that this strategic move highlights a growing trend of institutional interest in Bitcoin, especially as the cryptocurrency’s price begins to recover.</p>
<h2 id="institutional-adoption-of-bitcoin-etfs-grows-price-to-75-000">Institutional Adoption of Bitcoin ETFs Grows: Price to $75,000?</h2>
<p>The $40 billion wealth <a href="https://www.crypto-news-flash.com/breaking-4500000000000-asset-manager-fidelity-advises-43000000-customers-to-invest-in-bitcoin-btc-in-latest-investment-report/" rel="noopener noreferrer nofollow">manager’s decision</a> to invest in BITB follows extensive evaluation and highlights a rise in institutional acceptance of cryptocurrencies. This move aligns with the broader crypto market’s recovery and increased investor confidence.</p>
<p>Similarly, it is reported that Morgan Stanley now allows its 15,000 advisors to offer Spot Bitcoin ETFs to clients with $1.5 million or more. As of now, Bitcoin (BTC) is trading at <strong>$56,651.59</strong>, up <span style="color: #008000;"><strong>1.74%</strong></span> in the past day and down <span style="color: #ff0000;"><strong>14.21%</strong> </span>in the past week. See BTC price chart below. These developments signal a growing trend to reach the price of $75,000 in institutional interest in <a href="https://www.crypto-news-flash.com/bitcoin-etfs-hit-10000000000-mark-explosive-growth-just-one-month-post-approval/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> despite recent market volatility</p>
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 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
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BREAKING: $40,000,000,000 Wealth Manager Invests in Bitcoin via Bitwise ETF – BTC Price to $75,000?

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