Matt Hougan, chief investment officer of Bitwise Asset Management, said that the BTC ETF has not yet been priced, and as a natural audience for the BTC ETF, most advisors do not expect it to arrive until 2025 or later.
If people who are planning to buy this ETF don’t think it will be approved in the next two months, then I don’t understand how it is priced.
ETFs will play an important role in opening up cryptocurrency investment to a wider range of investors, especially financial advisors who manage the majority of wealth in the United States.
Currently, 20% of cryptocurrencies are purchased by independent retail investors, but a full 80% of wealth in the United States is controlled by financial advisors and institutions who need ETFs to gain exposure to cryptocurrencies.