Bitwise CIO predicts record inflows for spot BTC ETFs in Q4

Bitwise Chief Investment Officer (CIO) Matt Hougan predicted in a report that spot Bitcoin ETFs will see record-breaking fund inflows in the fourth quarter of this year. He added that this influx could push Bitcoin to quickly surpass its all-time high. Hougan noted that major asset management firms like Morgan Stanley and Wells Fargo have recently shown significant interest in cryptocurrencies, with advisors now offering crypto exposure to their clients. Furthermore, he anticipates that growing expectations for spot BTC ETF returns in the fourth quarter will generate even more demand.