Bitwise CIO: Spot Bitcoin ETF allocations for professional investors will rise to 1-5%
2024-05-15 14:48:34
Matt Hougan, chief investment officer at Bitwise, said that the Bitcoin ETF allocations disclosed in the recent 13F filing with the SEC are only "down payments" and that he expects spot Bitcoin ETF allocations in industry investor portfolios to rise to 1-5% as most professional investors take six to 12 months to evaluate cryptocurrencies, following a pattern of due diligence, individual allocations, siloed client allocations, and distribution phases present on all major platforms.
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