Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Bitwise CIO says advisors are adopting bitcoin ETFs ‘faster’ than any other exchange-traded fund in history
ADOPTION NEWS

Bitwise CIO says advisors are adopting bitcoin ETFs ‘faster’ than any other exchange-traded fund in history

By Crypto FlexsSeptember 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitwise CIO says advisors are adopting bitcoin ETFs ‘faster’ than any other exchange-traded fund in history
Share
Facebook Twitter LinkedIn Pinterest Email

Matt Hogan, CIO of Bitwise Invest, took to social media platform X on Monday to refute a researcher’s claim that investment advisors are seeing low adoption of spot Bitcoin ETFs.

“Investment advisors are adopting Bitcoin ETFs faster than any new ETF in history,” Hougan said in his post.. BlackRock’s position Bitcoin

+5.94%
The fund attracted “net inflows of $1.5 billion from investment advisers, which Bianco calls ‘a small amount’ because it represents just a fraction of the total $46 billion that has flowed into Bitcoin ETFs.”

Hougan’s comments came in response to a lengthy post by market research expert Jim Bianco, who told X on Sunday that the two spot bitcoin ETFs “have not been a vehicle for adoption by exchanges or baby boomers,” and that adoption of the tool by financial advisors has been limited.

“According to our quantitative analysis of cryptocurrencies, most spot BTC ETF inflows are from on-chain holders moving back into trading accounts, so very little ‘new’ money has entered the crypto space,” Bianco said.

BlackRock’s IBIT is growing rapidly

Hoogen has a different view when looking at the data.

“If you look at just the $1.5 billion associated with investment advisors, excluding all other flows, IBIT would be the second-fastest-growing ETF launched this year (excluding other BTC ETFs),” he said, adding that there have been more than 300 exchange-traded funds launched this year.

Bloomberg ETF analyst Eric Balchunas defended Hogan’s views.

“IBIT only He said in X that “advised allocations ($1.5 billion total) have generated more organic inflows than any other ETF launched this year.”

According to The Block’s Data Dashboard, Bitwise Invest’s spot bitcoin ETF has about $2 billion in assets under management. BlackRock’s IBIT fund is the largest in the market, with nearly $20 billion in AUM.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

RT Watson is a senior reporter at The Block, covering a wide range of topics including corporate America, blockchain gaming, and NFTs. Previously, he covered entertainment at The Wall Street Journal, writing about Disney, Netflix, Warner Bros., and the creator economy, with a focus on technological disruption across media. Prior to that, he covered corporate, economic, and political news in Brazil at Bloomberg. RT has interviewed a wide range of people, including CEOs, media moguls, major influencers, politicians, blue-collar workers, drug dealers, and convicted criminals. He holds a Master’s degree in Digital Sociology.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitfinex updates version 1.116 improved platforms

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025
Most Popular

Kaspa (KAS) Blockchain: Decentralized, Scalable and Unique | Founders, Team, Features Revealed – The Defi Info

February 4, 2024

AI in the Dock: BC Supreme Court addresses rigged legal case

February 8, 2024

Worldcoin unveils new layer 2 network ‘World Chain’

October 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.