Bitwise CIO: The impact of spot Bitcoin ETFs has not yet been digested by the market

Matt Hougan, chief investment officer at Bitwise, said: “The impact of the (spot) Bitcoin ETF has not been digested by the market because people who intend to buy this ETF do not know that it will come, or is likely to come; as a natural audience for BTC ETF, large Most advisors don’t expect it to arrive until 2025 or later; if people who are going to buy this ETF don’t think it’s going to be approved in the next two months, then I don’t see how it’s going to be priced into the market.” He also said that the ETF will play an important role in opening up cryptocurrency investment exposure to a wider range of investors, especially financial advisors who manage the majority of wealth in the United States. (CoinDesk)