Hunter Horsley, the CEO of the U.S. asset administration heavyweight Bitwise, is worked up by the rising curiosity within the firm’s spot Bitcoin ETF. Additionally, 24 of 25 advisors stated that shoppers requested them about crypto within the final 12 months, Bitwise’s newest analysis finds.
63 shoppers from single wealth agency in California: Bitwise CEO on BTC ETF traction
An unnamed wealth administration agency in California, U.S., has onboarded 63 shoppers to BITB, Bitwise’s spot Bitcoin ETF. This accomplishment was registered in lower than one 12 months, Bitwise CEO Hunter Horsley shared along with his 50,000 followers on X.
A $300M wealth agency in California emailed as we speak saying they invested 63 shoppers in Bitcoin through our ETF.
Makes me so completely satisfied.
Wealth managers will assist hundreds of thousands of traders take part within the alternative of this house. It is a privilege to assist them.
— Hunter Horsley (@HHorsley) January 4, 2025
In whole, the shopper operates $300 million in belongings below administration (AUM). Horsley provides that he’s completely satisfied about this achievement and treats the chance to carry TradFi traders into Bitcoin-based merchandise as a privilege.
He additionally expects “hundreds of thousands” of traders to hitch spot Bitcoin ETFs.
As of printing time, BITB, the spot Bitcoin ETF by Bitwise, is sitting at $4.08 billion AUM, CoinGlass information says. It’s the fifth largest product of this kind, solely eclipsed by BlackRock, Grayscale, Constancy and ARK’s choices.
Bitwise spot Bitcoin ETF is accountable for 3.65% of the aggregated AUM of the BTC ETFs phase. With 2.14% weekly Bitcoin (BTC) reserves surge, it is usually the fastest-growing ETF within the prime league.
96% of shoppers in U.S. focused on crypto, Bitwise annual survey says
Launched Jan. 11, 2024, Bitcoin spot ETFs amassed over $112 billion of belongings below administration. The reserves of those 21 funds comprise the most important collective Bitcoin (BTC) reserve ever. IShares Bitcoin Belief ETF (IBIT) is the eighth largest ETF by TVL in the whole investing phase.
Additionally, this week, Bitwise accomplished its annual survey of asset managers and advisors. As talked about within the preview, the outcomes surpassed the boldest expectations for 2024.
We knew 2024 was massive, however this stat was wild:
96% of all advisors obtained a query from shoppers about crypto final 12 months.
Ninety-six %. That’s the highest-ever studying from advisors in our 7 years surveying them.
Excited to launch the complete survey outcomes subsequent week.
— Bitwise (@BitwiseInvest) January 3, 2025
A complete of 96% of all advisors who participated within the survey confirmed that their shoppers requested concerning the alternatives unlocked by the crypto sphere at the very least as soon as in 2024.
Bitwise researchers admitted that that is the best stage within the seven years of creating such studies.
