Bitwise CIO: The Bitcoin allocation of institutional investors in the 13F filing is just a "down payment."

ChainCatcher news, the Chief Information Officer of Bitwise, the issuer of the spot Bitcoin ETF, Matt Hougan, stated that the Bitcoin allocation of institutional investors in the recently disclosed first-quarter 13F filings is just a "down payment." Most professional investors need 6 to 12 months to evaluate cryptocurrencies, following a pattern of due diligence, individual allocation, isolated client allocation, and full platform allocation stages.