- Bitwise Bitcoin ETF reaches $4.08B AUM, fastest-growing with a 2.14% weekly rise.
- 96% of US advisors report client interest in crypto, a record-high in 7 years.
- Wealth firm onboarded 63 clients into Bitwise ETF, managing $300M in AUM.
Hunter Horsley, CEO of Bitwise Asset Management, expressed optimism about the growing interest in the firm’s spot Bitcoin ETF (BITB). Sharing insights with his followers on X, Horsley noted that a wealth management firm in California successfully onboarded 63 clients into the BITB ETF.
A $300M wealth firm in California emailed today saying they invested 63 clients in Bitcoin via our ETF.
Makes me so happy.
Wealth managers will help millions of investors participate in the opportunity of this space. It’s a privilege to support them.
— Hunter Horsley (@HHorsley) January 4, 2025
Managing $300 million in assets, the firm represents a significant milestone for Bitwise, underscoring the increasing adoption of Bitcoin-focused investment products.
96% of US Advisors See Rise in Crypto Queries
Bitwise’s yearly survey highlighted that cryptocurrency investments have significantly increased their appeal among financial advisors and clients in the United States. The report noted that 96% of the respondents reported having been asked by clients to explain cryptocurrency investment.
This figure represents the highest level of interest noted by Bitwise after carrying out the survey for the past seven years. The survey results also highlighted the broadening appeal of Bitcoin spot ETFs. Since their launch in January 2024, these funds collectively amassed over $112 billion in assets under management (AUM).
BITB currently holds $4.08 billion in AUM, making it the fifth-largest Bitcoin ETF, trailing only behind BlackRock, Grayscale, Fidelity, and ARK offerings. Additionally, BITB accounts for 3.65% of the aggregated AUM in the Bitcoin ETF segment, achieving a 2.14% weekly reserve increase.
Spot Bitcoin ETFs Surge Amid Rising Institutional Interest
According to Horsley, Bitcoin spot ETFs have seen rapid growth, and millions of new investors are expected to join this market. He emphasized that wealth managers are pivotal in introducing traditional finance (TradFi) investors to crypto products.
Bitwise’s BITB ETF continues to grow, reflecting a rising demand for institutional-grade Bitcoin investment solutions. The U.S. crypto ETF market has also witnessed significant advancements, with 21 Bitcoin spot ETFs launched by major asset managers. These funds collectively represent the largest Bitcoin reserve ever assembled, highlighting the market’s maturity and growing acceptance among mainstream investors.
The IShares Bitcoin Trust ETF (IBIT) ranks the eighth-largest ETF across all investing categories, reinforcing the sector’s expansion. Bitwise plans to release the full findings of its annual survey soon.
The company anticipates continued growth in client engagement with crypto investments as interest in the digital asset market continues to expand among institutional and retail investors alike.
