Bitwise CIO: 3% Bitcoin allocation becomes a new trend

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Cointime2024/03/27 13:20

By:Cointime

Bitwise's Chief Information Officer Matt Hougan stated that a 3% allocation to Bitcoin is becoming a new trend for professional investors. He believes that exchange-traded funds are the main reason for this shift because they reduce the downside risk of Bitcoin. "True institutional investors (pension funds, endowments, etc.) will still focus on allocations below 1%, but for the wealth market, above 3% is something new." The US Bitcoin ETF has seen a net inflow of $11.7 billion in just over two months since its launch, signaling long-term demand that will "continue for years."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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