Bitwise Chief Investment Officer: Bitcoin ETF Could Attract $1 Trillion in Institutional Investment

ChainCatcher news, according to Cointelegraph, Bitwise Chief Investment Officer Matthew Hougan stated that as institutional investors gradually enter the crypto space, they could inject up to $1 trillion into Bitcoin through ETFs.

Specifically, if global wealth managers allocate an average of 1% of their portfolios to Bitcoin, it would mean approximately $1 trillion flowing into the space.

In a memo sent to investment professionals, Hougan discussed concerns about the volatility of Bitcoin's price. As Bitcoin rebounds between $60,000 and $70,000, he stated that the best approach is to "stay calm and think long-term."