Bitwise CEO Celebrates Growing Interest in Spot Bitcoin ETF
In a recent announcement, Hunter Horsley, the CEO of Bitwise, expressed his excitement on social media platform X regarding the burgeoning interest in the company’s spot Bitcoin ETF. This enthusiasm is backed by Bitwise’s latest findings, which reveal that an overwhelming 24 out of 25 financial advisors have received inquiries about cryptocurrency from clients over the past year, demonstrating a significant rise in the demand for crypto investments.
A California Wealth Management Firm Embraces BITB
Hunter Horsley took to X to share that a prominent wealth management firm based in California has successfully onboarded 63 clients to BITB, Bitwise’s spot Bitcoin ETF, within a short span of less than a year. This notable achievement was communicated to Horsley’s audience of 50,000 followers, marking a significant milestone for the company.
A $300M wealth firm in California emailed today saying they invested 63 clients in Bitcoin via our ETF. Makes me so happy. Wealth managers will help millions of investors participate in the opportunity of this space. It’s a privilege to support them.
— Hunter Horsley (@HHorsley) January 4, 2025
Operating with $300 million in assets under management (AUM), the California-based firm represents a significant move towards embracing Bitcoin investments. Horsley expressed his happiness over this achievement, emphasizing the pivotal role wealth managers will play in helping millions of investors seize opportunities within the crypto space. “It’s a privilege to support them,” he added, highlighting his anticipation of millions of investors joining the ranks of spot Bitcoin ETFs.
BITB’s Impressive Growth and Market Position
Currently, BITB, Bitwise’s spot Bitcoin ETF, boasts $4.08 billion in AUM. It accounts for 3.65% of the total AUM in the BTC ETFs segment, proudly standing as the fastest-growing ETF with a 2.14% weekly increase in Bitcoin reserves. This growth underscores the increasing investor confidence and interest in cryptocurrency-backed investments.
Bitwise Survey Unveils Strong Crypto Interest Among Advisors
Bitwise’s annual survey sheds further light on the burgeoning interest in crypto within the United States, with an impressive 96% of U.S. clients expressing curiosity about the crypto landscape. As of January 11, 2024, Bitcoin spot ETFs have amassed over $112 billion in assets under management, solidifying their position as the largest collective Bitcoin reserve to date. The IShares Bitcoin Trust ETF (IBIT) notably ranks as the eighth largest ETF by total value locked (TVL) across all investment segments.
We knew 2024 was big, but this stat was wild: 96% of all advisors received a question from clients about crypto last year. Ninety-six percent. That’s the highest-ever reading from advisors in our 7 years surveying them. Excited to release the full survey results next week.
— Bitwise (@BitwiseInvest) January 3, 2025
The survey revealed that 96% of participating advisors reported client inquiries about the opportunities presented by the crypto sphere at least once in 2024. This marks the highest level of interest recorded in the seven years of conducting such surveys, indicating a paradigm shift in investment interests. Bitwise is excited to release the full survey results in the coming week, promising deeper insights into the evolving landscape of crypto investments.
