Bitwise CIO sees Bitcoin’s potential echoing post-COVID surge
Matthew Hougan pointed out that Bitcoin's importance is growing and not shrinking.
Follow crypto ETF news, approvals, inflows, issuers, and market reactions across spot Bitcoin, Ethereum, and digital asset funds.
Market observers said the crypto ETPs launch reflects the growing investors' appetite for such products.
Steinberg believes that regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) will push crypto into the mainstream.
Market observers said more public pension funds would invest in the Bitcoin ETFs.
VanEck CEO Jan van Eck sees Bitcoin as digital gold, backing a $2.9 million target by 2050.
The move follows a similar decision by the Wisconsin Pension Fund, which allocated 2% of its $156 billion in assets to Bitcoin ETFs in the second quarter.
The ETFs have far surpassed the typical volume for new ETF launches, which often struggle to exceed $1 million on their first day.