Bitwise chief investment officer (CIO) Matt Hougan said that the launch of the Bitcoin (BTC) ETF will result in the emergence of new investors who have difficulty accessing the asset easily.
Speaking to Bloomberg Technology, Hougan emphasized the fact that a billion dollars flowed into the ETF in a few days, saying that this is an indication that big investors are waiting to invest in Bitcoin.
Hougan believes the product will grow even more because of the positive reception of the ETF.
According to Hougan, the great interest in the Bitcoin ETF has also started the bull rally for institutions.
After the ETF approval, Bitcoin managed to rise above $ 66 thousand. The asset is currently trading at $63,151 according to CoinMarketCap data.