Bitwise CEO says institutions view BTC dip as a buying opportunity

Bitwise CEO Hunter Horsley has stated that many institutional investors see the recent Bitcoin downturn as an attractive market entry opportunity, The Crypto Basic reported. In an interview with CNBC, he explained that Bitcoin ETF trading volume has surged to three to four times its usual level, indicating a significant expansion of institutional participation. In a recent conversation with an asset manager, I learned that their clients are actively looking for the right moment to deploy capital, Horsley said. Previously, Bitwise Chief Investment Officer (CIO) Matt Hougan, referencing the crypto winter that began early last year, had projected that U.S. economic growth, legislative discussions on market structure, and the potential for nation-state Bitcoin adoption could serve as catalysts for a future rebound.