Trading in the approved spot bitcoin ETFs (BTC-USD) has already reached billions of dollars. While the cryptocurrency has been around for over 10 years, it seems there is a renewed interest around the digital asset now that the ETFs are available. Matt Hougan, Bitwise Asset Management CIO, joins Yahoo Finance to give insight into why retail investors should add these ETFs to their portfolios and how the Bitwise Bitcoin ETF (BITB) stacks up against rivals.
Hougan explains why he believe spot bitcoin ETFs are so important: “The real market that it unlocks is the financial advisers and institutions. Financial advisers and institutions can’t invest using apps, and that’s 80% of the wealth in America. So when you think about crypto going from zero to over a trillion dollars, that’s been built largely on retail self-directed investors who are very important, but they’re a minority of the market. Professional investors need professional products like ETFs to access that market and that era just started today.”
#youtube #bitcoin #crypto
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super exciting!
Sold 😆😆😆
Sold what and why?
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