Bitwise CEO: Institutions with "trillions of dollars" in assets are expected to purchase spot Bitcoin ETFs before June

ChainCatcher message, Bitwise released its weekly memo from the Chief Information Officer to investment professionals, mentioning that numerous individual retail investors, family offices, hedge funds, and venture capital firms are seeking to increase their allocation to spot Bitcoin ETFs.

According to current trends, it is believed that in the second quarter of 2024, there will be significant inflows of funds from major telecom companies, institutional advisors, and large corporations, representing trillions of dollars in assets, and it is expected that as these investors become satisfied with new products, these inflows will accelerate throughout the year.