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According to a giant investment management fund, Bitcoin’s rise will last even longer

With the decision taken in the US in recent months, 11 applications were allowed to include Bitcoin (BTC) in the ETF. The leading cryptocurrency, which rose for a while due to this effect but returned to the level of 49 thousand dollars, began to rise again with demand over time and yesterday, 2 years later. Leaving another $50,000 behind He succeeded. According to Bitwise, this increase is just the beginning.

Demand far exceeded expectations

Bitcoin table

ETF (Exchange Traded Fund) allows the use of cryptocurrencies to invest in various assets in addition to their own appreciation. The total amount evaluated in this way reached $28.35 billion, increasing the market volume to $39.8 billion. The trading volume in the last 24 hours is $1.38 billion found it.

Chief Investor at Bitwise Asset Management, manager of the fourth largest Bitcoin ETF fund Matt HouganThe continuous flow and volumes are higher than I expected. The fact that there were strong positive flows in 18 of the first 19 days, and not just on the first day, is truly gratifying. Take me through where the price of Bitcoin is headed and its importance in the world. extremely optimistic It does.” he said.

Hougan will also be available on more platforms over time. b.itcoin funds He thinks demand will increase as its use increases. Hougan also states that platforms with billions of dollars in funding are currently continuing negotiations. He states that he expects Bitcoin ETFs to be “the largest ETF offering ever” in the coming month. He adds that he believes growth in this area will continue over the next eighteen months.

Source: Web Tekno

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