Bitwise Chief Information Officer: The substantial growth of Bitcoin ETFs will "continue for several years"
Bitwise Chief Information Officer Matt Hougan predicts that the huge demand for spot Bitcoin ETFs over the past two months may continue for several years. Even with massive ETF demand, institutional investment in Bitcoin is just beginning. Currently, most professional investors are still unable to purchase Bitcoin ETFs. Since its launch on January 11th, the Bitcoin ETF has absorbed a net inflow of $11.7 billion, despite GBTC's outflow exceeding $14.3 billion. But just on Tuesday alone, the net inflow into spot Bitcoin ETF reached $418 million, including $16.7 million from Bitwise's own Bitcoin ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Colgate-Palmolive (CL.US) plans to sell part of its personal care brands, with a total transaction amount possibly exceeding 1.1 billions USD.
According to sources familiar with the matter, Colgate is exploring the sale of some of its mass-market personal care brands. The company currently plans to divest only a few brands within its personal care business, and the combined sale price may exceed 1 billion dollars.
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
