EddieJayonCrypto
20 Feb 24
Bitwise CEO Hunter Horsely announced that the Bitwise Bitcoin ETF is now available for recommendation by Registered Investment Advisors (RIAs) within a $30B investment advisor network, marking a pivotal moment for cryptocurrency investors and institutional interest in cryptocurrencies. The move high...
Bitwise CEO Hunter Horsely announced that the Bitwise Bitcoin ETF is now available for recommendation by Registered Investment Advisors (RIAs) within a $30B investment advisor network. This marks a pivotal moment for cryptocurrency investors and institutional interest in cryptocurrencies. The move highlights the increasing acceptance and integration of cryptocurrencies into traditional investment portfolios, with institutional interest in Bitcoin and other digital assets on the rise. Additionally, RIAs face a standard 90 day waiting period before allocating to new investment products, and must navigate operational challenges and ensure regulatory compliance. The inclusion of the Bitwise Bitcoin ETF in the advisor network is expected to attract significant attention from institutional investors and has the potential to drive further growth and stability in the cryptocurrency market.
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