Bitwise Chief Investment Officer: ”Bitcoin spot ETF investment advisory companies are also seeing a large influx”

Matt Hogan, chief investment officer of Bitwise, a US cryptocurrency management company, said on the 9th that the Bitcoin spot ETF will be short-termed by an investment advisory firm.
He said the company was raising a lot of money in a short time. This was in response to market research expert Jim Bianco, who said he was using a 100% investment advisory firm
In the past, the Bitcoin ETF held only 9% of the total shares issued. Hedge funds also held 12% of the total shares.
" is held by non-institutional investors. Hogan counters this, saying that compared to other ETFs launched this year, the inflow from investment advisory firms is higher.
BlackRock's IBIT attracted a net inflow of $1.45 billion from investment advisory firms. Bianco says "small" refers to the amount of Bitcoin spot E
This is because it is part of the total of $46 billion (about 7 trillion yen) that flowed into TF. However, if we look only at the $1.45 billion from investment advisory companies, excluding other inflows, IBIT is the largest inflow since 2016.
It is the second fastest growing of more than 300 ETFs. Although investment advisory firms are a "small fraction" of Bitcoin ETF buyers, their purchases are not "small."
There has also been a big influx from investment advisory firms, but that inflow has been historically large from other types of investors, so it's just overshadowed in comparison, he said.
This view is echoed by Bloomberg ETF analyst Eric Balchunas.
On the other hand, as Bianco points out, retail investors hold a large percentage of the Bitcoin ETF.
Analyzing the holdings, the analysis found that individual investors account for 78% of the total. Bianco said that people who held physical Bitcoin on-chain as retail investors switched to ETFs.
He also argues that in many cases, ETFs are not the only way to attract investors. In the past, there was hope that ETFs would attract the baby boomer generation (those born around 1948, which represents a significant increase in the age demographic).
Some have suggested that there was very little new buying at the time, but Balchunas predicts that institutional buying will increase going forward.
Currently, a total of over 1,000 institutional investors hold Bitcoin ETFs, with BlackRock's IBIT alone holding 661 shares, the top of the 10.
"This is unprecedented," he said, adding that 20% of the Bitcoin ETF's shares are reportedly held by institutional investors and large advisors.
I think there is a high possibility that this percentage will reach 40% in the next 12 months. What is a Bitcoin ETF? It is an exchange-traded fund (ETF) that invests in Bitcoin.
Investment trusts are financial products that collect money from investors as a single fund and invest it in stocks, bonds, etc. The results of the investment depend on the amount of each investor's investment.
The ETF is a mutual fund that is listed on the stock exchange and can be bought and sold just like stocks.