Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll. Data from crypto research platform Soso Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of $886.7 million. Its most successful day so far was on March 12th when daily total net inflow hit […]
The post Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record appeared first on The Daily Hodl.
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.
The chief investment officer at the largest crypto index fund manager in the US is very optimistic about what a spot Bitcoin (BTC) exchange-traded fund (ETF) approval could do for the king crypto’s price. Matt Hougan, CIO of Bitwise, draws a comparison to what happened to gold’s price after the precious metal secured its first […]
The post Bitcoin To Repeat Gold’s 475% Post ETF Rally? Bitwise’s Matt Hougan Says Approval Will Unleash New Capital Wave appeared first on The Daily Hodl.
A former high-ranking official of the U.S. Securities and Exchange Commission (SEC) says that a possible future event could result in the likely approval of a spot-based Bitcoin (BTC) exchange-traded fund (ETF). John Reed Stark, who founded the SEC’s Office of Internet Enforcement and spent 11 years as its chief, says that crypto has become a […]
The post Former SEC Official Says Bitcoin (BTC) ETF Will Not Be Approved Until This Happens appeared first on The Daily Hodl.
The managing partner of Fundstrat Global Advisors, Tom Lee, is making a six-figure prediction for Bitcoin (BTC). Lee says in a new CNBC interview that Bitcoin could explode by over 500% from the current level within five years. Asked to give a timeline for his price prediction, the Fundstrat managing partner says Bitcoin could surge […]
The post Fundstrat’s Tom Lee Predicts Bitcoin Rally to $200,000, Says People Underestimating Impact of Spot BTC ETF appeared first on The Daily Hodl.
