Matt Hougan, the CIO of Bitwise Invest, has piqued the curiosity of the spot Bitcoin ETF observers by highlighting May 15 as a major date to mark on their Calendars. 

Hougan’s Cryptic Clue

Hougan in a post on X noted that with the set date a mere 45 days away, the crypto community as well as investors should anticipate unusual discoveries on the Spot Bitcoin ETF accumulation trend.

Given that Hougan’s forecast in December about Bitcoin reaching a new all-time high has come true recently, individuals within the cryptocurrency community are closely monitoring the spot Bitcoin ETF adoption hint he is giving.

According to Hougan, investors with assets under management (AUM) exceeding $100 million are required to file reports known as “13-F Filings” with the Securities and Exchange Commission (SEC). These filings disclose their publicly traded holdings and are due 45 days after the end of the Calendar quarter.

For everyone wondering “who is buying” bitcoin ETFs, I’d circle May 15th on your calendar.

Investors with more than $100m in AUM have to file reports with the SEC called “13-F Filings” disclosing their publicly traded holdings.

Those filings are due 45 days after the end of…

— Matt Hougan (@Matt_Hougan) March 13, 2024

Although he did acknowledge that these filings provide only a snapshot in time and may not capture every investor, Hougan suggests that the names revealed in these filings could surprise many, potentially indicating a significant uptick in interest or investment in Bitcoin ETFs.

Spot Bitcoin ETF: Investor Anticipating Mounts

The focus on the May 15th date stems from the expectation that these filings will shed light on the identities of institutional investors or entities that have taken positions in Bitcoin ETFs. This revelation could offer insights into the direction of cryptocurrency investment and the increasing institutional adoption of digital assets.

As the cryptocurrency market gains interest from both individual and institutional investors, certain analysts suggest that Hougan’s statement, coupled with buyer sentiment, may incite FOMO – Fear of Missing Out – potentially driving bullish momentum in Bitcoin’s price.

With the market dominance of BlackRock and Fidelity Investment, two of the spot Bitcoin ETF issuers who are presently outpacing other competitors in terms of inflows, investors are keeping a close tab on the sector and how adoption will shift in the near future and reshape price action overall.

At the time of writing, Bitcoin’s price is correcting from its recently breached All-Time High (ATH) of $73,637.47 and is pegged at $72,875.87, up 2.3% in 24 hours.

The post Spot Bitcoin ETF: Bitwise CIO Tips Crucial Disclosure Date to Watch appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am