Matt Hougan, the CIO of the crypto index fund and asset management firm Bitwise, believes inflows into spot Bitcoin exchange-traded funds will continue for years as more investors and institutions adopt the products.detailing his experiences during a 20-day road trip, Hougan said he met financial advisors who have already allocated 3% of their client’s portfolios to Bitcoin ETFs and those who have not nursed the thoughts at all, showing a gap in the adoption pace of the products.
The Bitwise CIO insisted that the situation of most professional investors, who are currently unable to buy Bitcoin ETFs, would change in the next couple of years as they conduct a series of individual due diligence processes.the ramp-up of inflows into Bitcoin ETFs would be shorter than gold ETFs, which saw inflows built over their first seven years in the market. Market analystsInterestingly, Hougan claimed that 3% is the new 1% in Bitcoin investment allocation.
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