Matt Hougan, CIO of Bitwise, one of the largest investment companies in the US, wrote a long article on X and discussed the great interest in Bitcoin ETFs.

Stating that the interest in Bitcoin ETFs will continue for the long term, Hougan also stated that he learned that the executives of large companies are also waiting for the middle of 2025:

“There is a massive dispersion in the pace of adoption of bitcoin ETFs. I met financial advisors who have already allocated 3% for all their clients and others who haven’t started thinking about it. I spoke with national account platforms that are approving bitcoin ETFs this month and others that are eyeing mid-2025.”

“Bitcoin ETF ramp will be shorter than gold”

Bitwise CEO, who also made a comparison with gold ETFs, said that there were large inflows to gold ETFs for the first 7 years, but he thinks this period will be shorter in Bitcoin:

“Inflows into the gold ETFs built year-after-year for their first 7 years in the market. I suspect the bitcoin ETF ramp will be shorter, but it will still take years.”

“Not so in the UK,…”

Describing the Blockworks event he attended in the UK, Hougan stated that the interest here is much less than in the US, but he thinks it will grow in the coming years:

“In the US, the ETF has created a sea change, with billions of investor capital moving into the space. Not so in the UK, where the FCA is still broadly aligned against crypto. It’s hard to believe it, but the UK looks longingly at the “progressive” regulatory stance in the US.”

“3% is the New 1%”

Stating that he has spoken to many institutional and professional investors since 2018, Hougan said, “I’ve been speaking with professional investors about Bitcoin since 2018. For the past six years, the discussion has mostly focused on a 1% allocation. That’s the most that most investors would think about. Boy, has that changed. Almost every investor I’ve spoken with has talked about a 3%+ allocation.”