Bitwise Believes Large Investment Platforms Clients Will Have Access to Bitcoin ETFs

In a few weeks, the first major investment platform is expected to announce support for a spot Bitcoin ETF, according to Bitwise CIO Matt Hougan.

Hougan believes that his competitors will soon follow suit in the following months. He pointed out that the retail market can be divided into two main segments, independent investment advisors (RIAs) and large national platforms.

While RIAs may immediately start diversifying their clients’ portfolios with this new product, large platforms will have to go through a due diligence process before making it available.

Hougan estimates that this process will increase the potential demand for a spot Bitcoin ETF by four times. His comments align with those of Bloomberg analyst Eric Balchunas who also believes that the addition of spot Bitcoin ETFs by major platforms will be a powerful catalyst for demand by the end of the year.