According to Bitwise Asset Management's Matt Hougan, the cryptocurrency's wild price swings have come down substantially over the past decade.I've studied 100-year-olds and longevity habits for 20 years: What I eat every day"To quote Mark Twain, 'The reports of our death have been quite exaggerated,'" ProShares' Simeon Hyman told CNBC."We're happy to be here, and we think we're serving as a key alternative.
Hyman, the firm's global investment strategist, notes bitcoin's historic strength has been going on a lot longer than the launch of the spot bitcoin ETFs. "This is the month of the anniversary of the collapse of crypto-linked financial institutions. Last year, bitcoin was going up then, too," Hyman said."I think there are longer-term folks who are starting to come in for asset allocation and diversification purposes."
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Bitwise CIO Matt Hougan Discusses Bitcoin ETF DemandBitwise CIO Matt Hougan is spreading the word about his company’s Bitcoin spot ETF to potential investors, and has discovered how the digital currency is being perceived by finance pros. Since launching on January 11, Bitcoin ETFs have experienced net inflows exceeding $11 billion, including a $1 billion inflow on Tuesday alone. Many of Hougan’s discussions have been with family offices and financial advisors, who are some of the primary drivers behind ETF demand. Major wirehouses and platforms are still plugging in to the new products and will finish the due diligence process within the next few months.
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