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| Name | Why Bitcoin, ETH ETFs Can Carry BTC to $100K: Bitwise CIO |
| Video Uploader | Video From Coinage |
| Upload Date | This Video Uploaded At 13-07-2024 13:00:41 |
| Video Discription | Despite a recent Bitcoin selloff, ETF inflows have held strong to continue the most talked about narrative this year: Bitcoin is growing up as an asset class. More than $15 billion has flowed into Bitcoin ETFs this year, and soon Ethereum is set to join Bitcoin as the only other cryptocurrency to also boast active ETFs in the US. Expectations are that anywhere from $3 billion to $5 billion or more may soon flow into the funds offered by various issuers. In a new interview with Coinage, Matt Hougan, Chief Investment Officer at one of those issuers (Bitwise) shared his thoughts on the importance of Ethereum ETFs coming to market and Bitcoin ETFs accelerating in the back half of 2024. Shaking off the recent cooling off in excitement, Hougan remains optimistic about the long-term prospects of Bitcoin ETFs. "Most ETF investors still have 0% Bitcoin exposure," he said. "What that tells me is that these investors need to move more than $1 trillion into this market, even at today's prices, just to normalize this with other stocks, bonds, real estate, commodities, every other asset in the world. The $15 billion is great, it's a record, but it's 1 or 2% of what we need to see over the next three, five, or 10 years." #cryptocurrency #crypto #ethereumetf #bitcoin #cryptonews #movement Read the story: https://www.coinage.media/s3/why-movement-labs-raised-usd38m-to-challenge-ethereums-scaling-status-quo STAKE WITH US: https://daic.capital/?utm_source=coinage&utm_medium=website&partner=b4cnuqzdt6 SUBSCRIBE to Coinage to never miss a video! Coinage is a community-owned show answering crypto's biggest questions. You can learn more about the project at https://www.coinage.media/ |
| Category | News & Politics |
| Tags | bitcoin news | crypto news | bitcoin etf | Ethereum | Solana |
