Bitcoin ETF

Bitcoin

Spot

<p>Spot Bitcoin ETFs (exchange-traded funds) are about to receive an ”even bigger wave” of investment inflows that may push the BTC price to as high as $200,000 this year, said Bitwise chief investment officer Matt Hougan.</p>
<p>The first wave of Bitcoin ETF interest has come mainly from retail, hedge funds, and independent financial advisors, Hougan told CNBC in an <a href="https://www.youtube.com/watch?v=VmmrLxfdHxk" target="_blank" rel="noopener noreferrer nofollow">interview</a> on Feb. 29.</p>
<p>The next wave will be driven by institutional players, he said, noting that institutions from Morgan Stanley to Bank of America’s Merrill Lynch and Wells Fargo are now aiming to offer <a href="https://insidebitcoins.com/news/bitcoin-etf-market-breaks-two-records-on-the-same-day-as-inflows-and-volumes-surge-with-blackrock-dominant" rel="noopener noreferrer nofollow">BTC ETF products</a> to their huge institutional client bases.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Bank of America's Merrill arm and Wells Fargo’s brokerage unit are offering access to ETFs that invest directly in Bitcoin <a href="https://t.co/HqGAkJB98f" rel="noopener noreferrer nofollow">https://t.co/HqGAkJB98f</a></p>
 <p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1763282424484561052?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a></p>
</blockquote>
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<h2 id="bitcoin-etfs-trigger-new-era-of-price-discovery">Bitcoin ETFs Trigger ”New Era Of Price Discovery”</h2>
<p>Hougan added that right now there is too much demand for Bitcoin and not enough supply. With institutional investors finally getting easy access to Bitcoin investments via huge Wall Street bank investment platforms, Hougan says that BTC ETFs are triggering a “new era of price discovery” for the king of cryptos.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Morgan Stanley is ready to offer <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs to their clients <a href="https://t.co/2gaXGRvmNl" rel="noopener noreferrer nofollow">pic.twitter.com/2gaXGRvmNl</a></p>
 <p>— Quinten | 048.eth (@QuintenFrancois) <a href="https://twitter.com/QuintenFrancois/status/1763269662303756608?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 29, 2024</a></p>
</blockquote>
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<p>The next wave of institutional buying could push the <a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-bitwise-sees-even-bigger-future-inflows-for-btc-etfs-this-green-btc-presale-races-towards-1-5-million" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> “substantially higher,” Hougan said. It could surpass Bitwise’s initial 2024 forecast of $80,000, reaching anywhere from $100,000 to $200,000 or even higher, he said.</p>
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-bitwise-sees-even-bigger-future-inflows-for-btc-etfs-this-green-btc-presale-races-towards-1-5-million" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: As Bitwise Sees “Even Bigger” Future Inflows For BTC ETFs, This Green BTC Presale Races Towards $1.5 Million</a></li>
 <li><a href="https://insidebitcoins.com/news/should-you-consider-adding-green-bitcoin-to-your-investment-portfolio-cilinix-crypto-presale-reviews" rel="noopener noreferrer nofollow">Should You Consider Adding Green Bitcoin To Your Investment Portfolio? Cilinix Crypto Presale Reviews</a></li>
 <li><a href="https://insidebitcoins.com/news/bitcoin-etf-market-breaks-two-records-on-the-same-day-as-inflows-and-volumes-surge-with-blackrock-dominant" rel="noopener noreferrer nofollow">Bitcoin ETF Market Breaks Two Records On The Same Day As Inflows And Volumes Surge With BlackRock Dominant</a></li>
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Bitcoin ETFs Set For “Even Bigger Wave” Of Institutional Money, Bitwise Says

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