Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Bitwise CEO Predicts $50 Billion Inflow to Spot Bitcoin ETF Within First Five Years

Bitwise CEO Predicts $50 Billion Inflow to Spot Bitcoin ETF Within First Five Years

CointimeCointime2023/10/27 01:33
By:Cointime

According to Bitwise CEO Matt Hougan, a spot Bitcoin ETF could attract $5 billion in the first year and up to $50 billion in the first five years. Hougan believes that a spot BTC ETF will increase demand for Bitcoin, but the impact on the value of Bitcoin is unclear.

However, he sees the combination of net new demand and decreasing supply due to the halving as an exciting opportunity for investors.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Solo Miner Strikes Gold with 3.15 BTC Block Reward

A solo Bitcoin miner earns over $330K by successfully mining a block alone, a rare and impressive feat in crypto mining.How Solo Mining WorksWhy This Matters

Coinomedia2025/06/05 14:32
Solo Miner Strikes Gold with 3.15 BTC Block Reward

Sui Partners with Dubai’s VARA to Boost Web3 Growth

Sui joins forces with Dubai’s VARA to support startups and foster Web3 innovation in the Middle East.Empowering Web3 Through Strategic PartnershipSupporting Startups and Local TalentNavigating Regulation in a Growing Industry

Coinomedia2025/06/05 14:32
Sui Partners with Dubai’s VARA to Boost Web3 Growth

U.S. Cracks Down on BidenCash Dark Web Marketplace

U.S. seizes 145 dark web domains and $40K in USDT in a major crackdown on BidenCash marketplace, per Arkham.Major Strike on the Dark WebUnderstanding BidenCash’s RoleCrypto and Crime: A Complex Challenge

Coinomedia2025/06/05 14:32
U.S. Cracks Down on BidenCash Dark Web Marketplace

Best Early-Stage Crypto Presales 2025 – Altcoins With Huge Upside Potential

Discover why Nexchain is leading 2025 crypto presales with AI-powered utility, low fees, and passive income for early investors.Nexchain: A Smarter Blockchain, Built for GrowthNexchain Updates: Payments, Vesting, and TestNet Coming SoonDawgz AI ($DAGZ) – Where Memes Meet Machine Learning.Final Thoughts: Why Nexchain Leads in 2025 Presales

Coinomedia2025/06/05 14:32
Best Early-Stage Crypto Presales 2025 – Altcoins With Huge Upside Potential