Coinspeaker
Bitwise CIO Predicts Potential Trillion-Dollar Inflows into Bitcoin Spot ETFs

Bitwise Chief Investment Officer (CIO) Matt Hougan has made a bold prediction regarding Bitcoin’s spot ETFs, suggesting that they could see trillions of dollars in inflows.

This comes after a week that started with net outflows but quickly turned around, indicating a growing confidence in Bitcoin and its related financial products among investors. The week saw a notable shift from five consecutive days of outflows to a significant net inflow of $480 million on Tuesday, followed by another $243.5 million on Wednesday.

Blackrock Leads Inflows, Grayscale GBTC Sees Outflows

Wednesday’s spot Bitcoin ETF recovery was mostly due to a big inflow of $323.8 million from Blackrock, which helped balance out Grayscale GBTC’s outflows of $299.8 million. Ark Invest’s ARKB also had a great day, bringing in $200 million.

Fidelity, on the other hand, lost $1.5 million, which was its worst day ever. But Fidelity quickly got back on its feet with $261 million coming in on Monday and $279 million coming in on Tuesday.

In a recent interview, BlackRock CEO Larry Fink praised IBIT as the fastest-growing ETF ever and noted his surprise at Bit...