The post Trillions of Dollars To Flood Into Crypto Over the Coming Months, Says Bitwise CIO Matt Hougan – Here’s Why appeared on BitcoinEthereumNews.com.

The chief investment officer (CIO) of Bitwise Asset Management Matt Hougan is saying that there’s “big money” coming into the crypto space. In a new interview on the Wolf of All Streets channel, Hougan says that spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are likely to register massive inflows over the coming months. “I think people need to keep their eyes on Q3 and Q4 as it regards these ETFs. We saw the Bitcoin ETF explode out of the gate in January, we saw flows slow down a little in Q2 although they’re still coming in, we saw the Ethereum ETF launch. But I think the big story in the second half of the year is we’re going to see flows re-accelerate.” According to the Bitwise CIO, Wall Street giants such as Morgan Stanley, Wells Fargo, Merrill Lynch and UBS are expected to start investing in the spot crypto ETFs towards the end of the third quarter of this year as well as during the fourth quarter of 2024. “That’s going to unlock trillions of dollars of assets that are going to come running into this space. I think it’s going to be a big deal.” Hougan says that while retail investors were able to put their money in spot Bitcoin and Ethereum ETFs as soon as they were approved by the U.S. Securities and Exchange Commission (SEC), institutional players such as Wall Street banks tend to go through a longer process before they can start investing. “These advisers or wealth managers that work for big platforms like Morgan Stanley, they can’t buy them until Morgan Stanley greenlights the ETF itself. There’s sort of like two keys that have to turn on – one at the SEC, one at Morgan Stanley. And the thing is, this is most…

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Filed under: News - @ August 1, 2024 8:32 pm