Bitwise CIO says BTC ETFs are huge success and 13F filings make him ‘incredibly bullish’
Bitwise CIO Matt Hougan says this week’s 13F filings prove that the spot Bitcoin ETFs were a “huge success.”
This week’s 13F filing revealed who is buying the spot Bitcoin ETFs and what their position size is, and while Bitwise Chief Investment Office Matt Hougan celebrated the success of the ETFs, he says there is a significant point that the media might miss that makes him even more bullish on the BTC ETFs.
Hougan said that 563 professional investment firms have reported owning a combined $3.5 billion worth of Bitcoin ETFs. Hougan anticipates that these numbers could eventually surpass 700 firms with total assets under management nearing $5 billion.
Hougan’s guess was spot on, with the latest data from K33 Research revealing that more than 900 firms disclosed their spot Bitcoin ETF holdings.
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Author: Nancy Lubale
