Bitwise CEO Hunter Horsley predicts a significant influx of capital into the cryptocurrency market from U.S. wealth managers, driven by regulatory easing and enhanced infrastructure. With over $30 trillion in assets under management, these managers are expected to gradually incorporate cryptocurrencies into their portfolios. The launch of Bitcoin ETFs in early 2024 is seen as a pivotal entry point.
XRP spot ETFs, including those from Grayscale and Franklin Templeton, have already seen substantial inflows. Grayscale's XRP ETF recently reported $29.81 million in inflows, marking a 0.55% increase in the last 24 hours, highlighting growing institutional interest.
Bitwise CEO Anticipates Billions in Crypto Investments from Wealth Managers
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