.jpg){kind=avatar}
Over 700 professional investment firms own a total of over $5b worth of bitcoin ETFs, which marks an unprecedented scale of institutional ownership base for a new ETF launch. Among the inonic asset managers holding one of the Bitcoin ETFs include Hightower Advisors, Cambridge Investment Research, Brown Advisory, and the State of Wisconsin Investment Board.
While terming this a “huge success,” Hougan said, “This is absolutely massive. For any financial advisor, family office, or institution wondering if they were the only one considering Bitcoin exposure, the answer is clear: You are not alone.”
More posts by Sean Lippel
Recent posts from News by FinTech Collective