Bitwise: Large institutions are expected to start investing in Bitcoin ETFs from the second quarter

ChainCatcher message, Bitwise shares an excerpt from its CIO Matt Hougan's weekly memo to investment professionals on X. The specific content is as follows:

"In the past seven weeks, we have heard the following types of people say they are buying Bitcoin ETFs, including individual retail investors, registered investment advisors (RIAs), family offices, hedge funds, venture capital funds, and asset management companies.

As important as who is buying today is who will buy tomorrow. At Bitwise, I believe other Bitcoin ETF issuers feel the same way, and we are having serious due diligence discussions with the following institutions: major brokerages, institutional advisors, and large corporations. These are massive categories representing trillions of dollars in assets. Based on current trends, I suspect we will see the first significant inflows from these three types of investors in the second quarter of 2024. Moreover, I believe that as these investors become more accustomed to new products, these inflows will accelerate throughout the year."