Bitwise CIO Predicts Potential Trillion-Dollar Inflows into Bitcoin Spot ETFs
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
The SEC seeks advice of organizations and officials related to the approval of the Winklevoss twins’ Bitcoin ETF to get independent insight.
Hougan’s bullish prediction is based on Bitcoin’s impressive growth of nearly 300% over the past 15 months.
Major institutional investors, such as BlackRock and ARK 21Shares, have invested $323 million and $200 million, respectively, signaling their confidence in BTC Exchange-Traded Funds (ETFs)
The report shows that the Singapore investors involved in cryptocurrency are becoming more clear and confident about their investment strategies.
Animoca Brands Chairman said that HKD-pegged stablecoins would help Hong Kong create unique position for itself in the overly crowded crypto space. He also pushed for crypto ETFs in order to boost Web 3.0 investments in the region.
US’s success with Bitcoin ETFs challenges Japan’s stricter regulations on crypto investment products.
The prospect of spot Bitcoin ETFs gaining approval in Hong Kong represents a significant step toward the mainstream adoption of digital assets in the region.
The Bitcoin ETF market continues to see new competitors. Hashdex, a crypto asset management firm, announced its futures fund’s transformation into a spot product.
The Bitcoin market is expected to continue to grow and mature as more investors look for exposure to BTC through spot ETFs and other investment vehicles.
Kiyosaki suggested that the current market conditions present an opportunity to invest in Bitcoin, predicting that the coin could reach $100,000 by September.
The rise in Bitcoin mining difficulty reflects an influx of new miners joining the network, indicating heightened interest in securing a portion of the remaining unmined BTC from the total supply.