Posted 3/22/2024, 4:23:29 PM
Bitwise's Bitcoin ETF Becomes One of Fastest to Reach $2B As Institutions Clamor for Crypto Exposure
- Bitwise's bitcoin ETF (BITB) has grown to over $2 billion in assets in just 2 months, making it one of the fastest ETFs to reach $1 billion
- The bitcoin ETF launch represents a new class of investors finally able to participate in crypto investing
- Bitwise is seeing huge demand from wealth management firms and institutional investors for the bitcoin ETF
- Bitwise clients remain optimistic on bitcoin's outlook despite recent volatility; they take a long-term perspective
- Bitwise is working on launching an ethereum ETF, with an SEC decision deadline of May 23rd, though it's unclear if it will be approved