According to Hunter Horsley, the CEO of Bitwise Asset Management, numerous firms are set to bolster their investments in spot Bitcoin ETFs in the coming future.
Horsley predicts that by the end of 2024, the crypto community will witness a surprising increase in financial institutions allocating their capital to Bitcoin spot ETFs.
He notes that companies are currently actively evaluating the state of the cryptocurrency market and investment opportunities involving Bitcoin.
“There is a subtle yet substantial adoption of spot Bitcoin ETFs,” Horsley emphasized.
Horsley firmly believes that the introduction of this new class of digital assets will further enhance the appeal of the crypto market for investors.
Earlier, Bitwise’s CEO also mentioned that registered investment advisers (RIAs) and fiduciary capital management firms are increasingly expressing interest in Bitcoin.