Bitcoin ETF

<p>Matt Hougan, Bitwise&#39;s chief investment officer (CIO), <a href="https://twitter.com/Matt_Hougan/status/1833149076722081906" rel="noopener noreferrer nofollow">highlighted </a>in his X post the traction gained by Bitcoin exchange-traded funds (ETFs) from investment advisers. Responding to an analyst post, Hougan on Monday stated that investment advisors adopt Bitcoin ETFs much faster than any other exchanges&#39; ETFs.</p><p>&lt;blockquote&gt; The truth is that investment advisors are adopting bitcoin ETFs faster than any other ETF in history.  It is just that their historic flows are overshadowed by the even more historic purchases of other investors &lt;/blockquote&gt;</p><h2 id="header-0">Shifting Focus</h2><p>Analyst Jim Bianco pointed out in his X post that the adoption of investment (wealth) advisors is small for <a href="https://cryptotale.org/bitcoin-etfs-show-significant-activity-amidst-historical-buy-signal/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>. He added that the BTC ETFs holdings account for about 9% of outstanding shares. Additionally, he pointed out that the hedge funds add another 12%. Further, Bianco argued that many had switched sides to ETF from on-chain physical Bitcoin. Although he is hopeful that the ETFs would attract the baby boomer generation, Bianco is skeptical that the flow of new investors is small.</p><p></p><h2 id="header-1">Small is Not ‘Small’</h2><p>Reacting to the analyst’s data, Hougan pointed out that IBIT, the BlackRock ETF, gained over $1.45 billion in net flows. However, the analyst considers this amount &#39;small&#39; as it is only a fraction of the total $45 billion net flows. Hougan added that if the focus were only on the $1.45 billion linked to the investment advisors, the <a href="https://cryptotale.org/blackrocks-ibit-etf-sees-13-5m-outflow-amid-crypto-slump/" rel="noopener noreferrer nofollow">BlackRock</a> ETF would be the second fastest-growing ETF launched this year.</p><p><a href="https://cryptotale.org/btc-etfs-get-top-priority-over-other-exchanges-bitwise-cio/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

BTC ETFs Get Top Priority Over Other Exchanges: Bitwise CIO

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