In a latest development, Bitwise CEO Hunter Horsley expressed his excitement in an X-post about the increasing interest in the company’s Bitcoin ETF. Notably, Bitwise’s latest research shows that 24 out of 25 financial advisors received customer inquiries about cryptocurrency in the past year, indicating a growing demand for crypto investments.
Hunter Horsley shared on This achievement was recorded in less than a year, Bitwise CEO Hunter Horsley shared with his 50,000 followers on X.
In total, the client manages $300 million in assets under management (AUM). Horsley added that he is pleased with this achievement, noting that asset managers will help millions of investors participate in the opportunities this space presents. “It is a privilege to support them.” he added.
Notably, he also expects millions of investors to join spot Bitcoin ETFs. Currently, BITB, Bitwise’s spot Bitcoin ETF, is trading at $4.08 billion AUM. Bitwise spot Bitcoin ETF is responsible for 3.65% of the aggregate AUM of the BTC ETFs segment. It is also the fastest growing ETF, with a 2.14% weekly increase in Bitcoin reserves.
Bitwise’s annual survey shows that 96% of American customers are interested in crypto. Since January 11, 2024, Bitcoin spot ETFs have amassed more than $112 billion in assets under management, making them the largest collective Bitcoin reserve ever. The IShares Bitcoin Trust ETF (IBIT) is the eighth largest ETF by total value locked (TVL) across all investment segments.
A total of 96% of all advisors who participated in the survey confirmed that their clients will have asked at least once about the opportunities offered by the crypto world in 2024. Bitwise researchers admitted that this is the highest level in the seven years that such reports have been made. Bitwise said it is excited to release the full survey results next week.