Yahoo Finance Video
Reporting live from the Bitcoin (BTC-USD) Investor Day event in New York City, Yahoo Finance's Brad Smith is joined by Bitwise Asset Management Co-Founder and CEO Hunter Horsley to talk about bitcoin ETF activity as traditional investors become more encouraged to invest in crypto via ETFs.. Bitwise runs its own spot bitcoin ETF (BITB) and several crypto industry ETFs (BITC, BITQ, BITW, BTOP). "The Bitwise bitcoin ETF, in two months, has grown to over $2 billion in assets. It was in one of the 25 fastest ETFs to a billion [dollars] in the 30-year history of ETFs," Horsley explains. "And what that represents is a whole new class of investors who feel they've heard about bitcoin for a long time, but finally, in 2024, they can participate. They can access it." Horsley also comments on bitcoin's price action and the likelihood of the Securities and Exchange Commission (SEC) approving a spot ethereum (ETH-USD) ETF. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
