Hunter Horsley, CEO of Bitwise, anticipates that wealth management firms will bolster their investments in Bitcoin ETFs. His prediction aligns with the expected surge in popularity for Bitcoin ETFs post-halving. Horsley’s views mirror broader market expectations of heightened ETF demand, underscored by a positive net influx of Bitcoin into US ETFs just before the halving, after five days of outflows. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) is rapidly closing in on Grayscale’s lead, now only $2 billion shy, positioning BlackRock to possibly surpass Grayscale as the largest Bitcoin fund globally. In contrast, Grayscale’s Bitcoin Trust (GBTC) has seen its value decrease over a 68-day stretch, with losses nearing $16 billion.
Bitwise predicts an increase in Bitcoin ETF investments by wealth managers
