{"id":600116,"date":"2024-03-28T08:45:58","date_gmt":"2024-03-28T08:45:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=600116"},"modified":"2024-06-11T07:20:59","modified_gmt":"2024-06-11T07:20:59","slug":"bitcoin-etf-inflows-1-trillion-predicts-bitwise-cio","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-etf-inflows-1-trillion-predicts-bitwise-cio\/","title":{"rendered":"Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO"},"content":{"rendered":"<p>Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week&#8217;s market activities have shown a remarkable reversal from the previous <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-reclaims-66000-despite-4-day-etf-outflow-streak\/\" target=\"_blank\" rel=\"noopener \">5-day net outflow streak<\/a>, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday.<\/p>\n<p>Yesterday\u2019s resurgence in investor interest was notably boosted by Blackrock&#8217;s massive inflow of $323.8 million, effectively offsetting Grayscale GBTC&#8217;s $299.8 million outflows. Moreover, Ark Invest\u2019s ARKB reported its best day yet, with $200 million in inflows, despite Fidelity experiencing its worst day with a mere $1.5 million in outflows. Nevertheless, Fidelity managed to bounce back with significant inflows of $261 million and $279 million on Monday and Tuesday, respectively.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Yesterday&#39;s ETF flows were positive for $243.5 million.<\/p>\n<p>Blackrock finally woke up again for $323.8 million completely cancelling out <a href=\"https:\/\/twitter.com\/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$GBTC<\/a>&#39;s $299.8 million outflows.<\/p>\n<p>Ark had their best day yet with $200 million. Fidelity had its worst day with $1.5 million.<\/p>\n<p>Price dumped on\u2026 <a href=\"https:\/\/t.co\/LLChkITN7q\" rel=\"nofollow\">pic.twitter.com\/LLChkITN7q<\/a><\/p>\n<p>&mdash; WhalePanda (@WhalePanda) <a href=\"https:\/\/twitter.com\/WhalePanda\/status\/99889207?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 28, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>1% Down, 99% To Go For Bitcoin ETFs<\/h2>\n<p>However, according to Bitwise Chief Investment Officer (CIO) Matt Hougan, this is just the mere beginning of what is to come in the upcoming months. Hougan\u2019s <a href=\"https:\/\/twitter.com\/BitwiseInvest\/status\/52491548\" target=\"_blank\" rel=\"noopener nofollow\">commentary<\/a>, part of his weekly memo to investment professionals, sheds light on the current market dynamics and the colossal potential that lies ahead. \u201c1% Down; 99% to Go,\u201d Hougan wrote, highlighting the nascent yet promising journey of Bitcoin ETFs.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/9-5-billion-in-bitcoin-options-poised-to-expire\/\" target=\"_blank\" rel=\"noopener \">$9.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead?<\/a><\/div>\n<p>Lately, the market has been characterized by its volatility, with Bitcoin&#8217;s price oscillating between $60,000 and $70,000. Hougan advises a calm and long-term perspective amidst this fluctuation, especially as the sector anticipates the upcoming <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/when-is-the-next-btc-halving-date-bitcoin-halving-guide\/\" target=\"_blank\" rel=\"noopener \">Bitcoin halving<\/a> around April 20, the approval of Bitcoin ETFs on national account platforms, and the <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-etf-floodgates-just-opening-bitwise-cio\/\" target=\"_blank\" rel=\"noopener \">soon-to-come completion<\/a> of due diligence by various investment committees.<\/p>\n<p>Despite the current sideways movement of Bitcoin&#8217;s price, Hougan remains bullish about its long-term trajectory. &#8220;Bitcoin is in a raging bull market,&#8221; he asserts, noting a nearly 300% increase over the past 15 months. The launch of spot Bitcoin ETFs in January has marked a significant milestone, opening up the Bitcoin market to investment professionals on an unprecedented scale.<\/p>\n<p>Hougan&#8217;s analysis points to a profound shift as global wealth managers, who collectively control over $100 trillion, begin to explore investments in the \u201cdigital gold.\u201d He suggests that even a conservative allocation of 1% of their portfolios to Bitcoin could result in approximately $1 trillion of inflows into the space.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-liquid-inventory-ratio-all-time-low\/\">Bitcoin \u201cLiquid Inventory Ratio\u201d Hits All-Time Low, What It Means<\/a><\/div>\n<p>This perspective is backed by historical data showing that even a 2.5% allocation to Bitcoin has enhanced the risk-adjusted returns of traditional 60\/40 portfolios in every three-year period of Bitcoin&#8217;s history.<\/p>\n<p>The recent inflows into Bitcoin ETFs, though impressive, are seen by Hougan as merely the beginning of a much larger movement. &#8220;We are all excited about the $12 billion that has flowed into ETFs since January. And it is exciting: Collectively, the most successful ETF launch of all time..But imagine global wealth managers allocate just 1% of their portfolios to bitcoin on average,&#8221; Hougan elaborates, emphasizing the scale of potential growth awaiting the cryptocurrency market. He concludes:<\/p>\n<blockquote><p><strong>Think about the implications. [&#8230;] A 1% allocation across the board would mean ~$1 trillion of inflows into the space. Against this, $12 billion is barely a down payment. 1% down, 99% to go.<\/strong><\/p><\/blockquote>\n<p>At press time, BTC traded at $70,644.<\/p>\n<figure id=\"attachment_600119\" aria-describedby=\"caption-attachment-600119\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-600119 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?resize=3628%2C1673\" alt=\"Bitcoin price\" width=\"3628\" height=\"1673\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/03\/BTCUSD_2024-03-28_09-37-39.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-600119\" class=\"wp-caption-text\">BTC price, 4.-hour chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/2fFkxJx1\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with DALL\u00b7E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products. This week&#8217;s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday. Yesterday\u2019s resurgence in investor interest was notably boosted by Blackrock&#8217;s massive inflow of $323.8 million, effectively offsetting Grayscale GBTC&#8217;s $299.8 million outflows. Moreover, Ark Invest\u2019s ARKB reported its best day yet, with $200 million in inflows, despite Fidelity experiencing its worst day with a mere $1.5 million in outflows. Nevertheless, Fidelity managed to bounce back with significant inflows of $261 million and $279 million on Monday and Tuesday, respectively. Yesterday&#39;s ETF flows were positive for $243.5 million. Blackrock finally woke up again for $323.8 million completely cancelling out $GBTC&#39;s $299.8 million outflows. Ark had their best day yet with $200 million. Fidelity had its worst day with $1.5 million. Price dumped on\u2026 pic.twitter.com\/LLChkITN7q &mdash; WhalePanda (@WhalePanda) March 28, 2024 1% Down, 99% To Go For Bitcoin ETFs However, according to Bitwise Chief Investment Officer (CIO) Matt Hougan, this is just the mere beginning of what is to come in the upcoming months. Hougan\u2019s commentary, part of his weekly memo to investment professionals, sheds light on the current market dynamics and the colossal potential that lies ahead. \u201c1% Down; 99% to Go,\u201d Hougan wrote, highlighting the nascent yet promising journey of Bitcoin ETFs. Related Reading: $9.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead? Lately, the market has been characterized by its volatility, with Bitcoin&#8217;s price oscillating between $60,000 and $70,000. Hougan advises a calm and long-term perspective amidst this fluctuation, especially as the sector anticipates the upcoming Bitcoin halving around April 20, the approval of Bitcoin ETFs on national account platforms, and the soon-to-come completion of due diligence by various investment committees. Despite the current sideways movement of Bitcoin&#8217;s price, Hougan remains bullish about its long-term trajectory. &#8220;Bitcoin is in a raging bull market,&#8221; he asserts, noting a nearly 300% increase over the past 15 months. The launch of spot Bitcoin ETFs in January has marked a significant milestone, opening up the Bitcoin market to investment professionals on an unprecedented scale. Hougan&#8217;s analysis points to a profound shift as global wealth managers, who collectively control over $100 trillion, begin to explore investments in the \u201cdigital gold.\u201d He suggests that even a conservative allocation of 1% of their portfolios to Bitcoin could result in approximately $1 trillion of inflows into the space. Related Reading: Bitcoin \u201cLiquid Inventory Ratio\u201d Hits All-Time Low, What It Means This perspective is backed by historical data showing that even a 2.5% allocation to Bitcoin has enhanced the risk-adjusted returns of traditional 60\/40 portfolios in every three-year period of Bitcoin&#8217;s history. The recent inflows into Bitcoin ETFs, though impressive, are seen by Hougan as merely the beginning of a much larger movement. &#8220;We are all excited about the $12 billion that has flowed into ETFs since January. And it is exciting: Collectively, the most successful ETF launch of all time..But imagine global wealth managers allocate just 1% of their portfolios to bitcoin on average,&#8221; Hougan elaborates, emphasizing the scale of potential growth awaiting the cryptocurrency market. He concludes: Think about the implications. [&#8230;] A 1% allocation across the board would mean ~$1 trillion of inflows into the space. Against this, $12 billion is barely a down payment. 1% down, 99% to go. At press time, BTC traded at $70,644. Featured image created with DALL\u00b7E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":600120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,656,679,1119,1122,89583],"class_list":["post-600116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\n<title>Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO<\/title>\n<meta name=\"description\" content=\"Bitwise CIO Matt Hougan writes \u201c1% Down; 99% to Go,&quot; highlighting the nascent yet promising journey of Bitcoin ETFs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-etf-inflows-1-trillion-predicts-bitwise-cio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO\" \/>\n<meta property=\"og:description\" content=\"Bitwise CIO Matt Hougan writes \u201c1% Down; 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Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. 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