Bitwise Analyst Foresees Up to $100 Billion Inflows from Physical Bitcoin ETFs in 5 Years

WikiBit 2023-11-01 15:30

Bitwise Analyst: Physical Bitcoin ETFs Could Bring in Up to $100 Billion in Inflows Within the Next Five Years

Bitwise analyst Ryan Rasmussen stated in an interview that a Bitcoin spot ETF could potentially bring in as much as $50 billion to $100 billion in inflows within the next five years and could “potentially have a huge impact on the price of Bitcoin.”

He also mentioned that he expects the SEC to approve ETF applications as early as December of this year, with Bitwise being one of the applicants.

Ryan Rasmussen previously noted that financial advisors interested in cryptocurrencies typically consider allocating 1% to 5% of their portfolio to Bitcoin. Historically, the weight of BTC in their portfolios has remained at the lower end of that range (1%) due to attractive opportunities in stocks and bonds. However, as professional asset allocators seek to hedge against rising inflation, economic uncertainty, and geopolitical conflicts, more people are considering increasing the weight of BTC in their portfolios.

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