Bitcoin ETFs: The Gateway to Crypto for Traditional Investors

Reporting live from the Bitcoin Investor Day event in New York City, Yahoo Finance’s Brad Smith sat down with Bitwise Asset Management Co-Founder and CEO Hunter Horsley to discuss the growing popularity of Bitcoin ETFs among traditional investors.

Bitcoin ETFs have become a gateway to crypto for traditional investors

“The Bitwise bitcoin ETF, in two months, has grown to over $2 billion in assets. It was one of the 25 fastest ETFs to a billion [dollars] in the 30-year history of ETFs,” Horsley explained. “And what that represents is a whole new class of investors who feel they’ve heard about bitcoin for a long time, but finally, in 2024, they can participate. They can access it.”

“It’s almost like an IPO in crypto.” - Hunter Horsley, Bitwise Asset Management Co-Founder and CEO

Horsley also commented on bitcoin’s price action and the likelihood of the Securities and Exchange Commission (SEC) approving a spot ethereum ETF.

Bitcoin’s price action has been a major topic of discussion among investors

As traditional investors become more encouraged to invest in crypto via ETFs, the crypto market is expected to see significant growth. With the Bitwise bitcoin ETF growing to over $2 billion in assets in just two months, it’s clear that investors are eager to participate in the crypto market.

The crypto market is expected to see significant growth as traditional investors enter the space

The approval of a spot ethereum ETF could further boost the crypto market, providing investors with more opportunities to participate in the space.

A spot ethereum ETF could be a game-changer for the crypto market

As the crypto market continues to evolve, one thing is clear: Bitcoin ETFs have become a gateway to crypto for traditional investors. With the Bitwise bitcoin ETF’s rapid growth and the potential approval of a spot ethereum ETF, the crypto market is poised for significant growth in the coming months.