Bitwise CIO says institutions mull adding Bitcoin to portfolios
Surging Bitcoin ETF inflows and U.S. regulatory approval attract major institutional investors to cryptocurrency portfolios.
Photo: Michael Förtsch
Key Takeaways
- Institutions managing trillions of dollars are considering adding Bitcoin to their portfolios, according to Bitwise CIO.
- Bitwise reported managing over $15 billion in client assets as of the beginning of September.
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Bitwise CIO Matt Hougan said that institutions managing trillions of dollars are considering adding Bitcoin to their portfolios.
Over 60% of institutional investors in the US are planning to increase Bitcoin exposure, according to recent industry reports.
Major financial firms including pension funds and endowments oversee more than $100 trillion in global assets.
Bitwise reported over $15 billion in assets under management as of early September. Bitcoin is currently valued at around $2.2 trillion by market capitalization.
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