Bitwise CIO: Spot Bitcoin ETF allocation for professional investors will rise to 1-5%
Golden Finance reports that Bitwise chief investment officer Matt Hougan said that the Bitcoin ETF allocation disclosed in the recent 13F filing with the SEC is just a "down payment" and he expects the spot Bitcoin ETF allocation ratio in industry investors' portfolios to rise to 1-5%, as most professional investors take 6 to 12 months to evaluate cryptocurrencies, following a pattern of due diligence, individual allocation, isolated client allocation, and full platform allocation phases.
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
Humanity Protocol rises 11% as longs control 66% of Open Interest – $0.169 in focus

Analyst Says XRP Is Two Major Breakouts Away

XRP Army Reacts As Pundit Says Bitcoin Will Pump But XRP Will Go Parabolic