Bitcoin ETFs: Retail, Hedge Funds, and Analysts Drive Buying Frenzy

Bitwise's chief investment officer anticipates increased demand for spot bitcoin ETFs as larger U.S. wirehouses prepare to join in, with current demand driven by retail investors, hedge funds, and independent financial advisors. The ten spot bitcoin ETFs have seen record-breaking trading volume and inflows, with BlackRock's iShares Bitcoin ETF leading in assets under management, followed by Fidelity's FBTC, ARK/21Shares' ARKB, and Bitwise's BITB. Expecting consolidation, Hougan foresees six to eight of the ETFs surviving long term.