Bitwise Chief Investment Officer: Bitcoin ETF may attract institutional investment of $1 trillion

According to ChainCatcher, as reported by Cointelegraph, Bitwise's Chief Investment Officer Matthew Hougan stated that with institutional investors gradually entering the crypto space, they could potentially inject up to $1 trillion into Bitcoin through ETFs.

Specifically, if global wealth managers allocate 1% of their portfolios to Bitcoin on average, it would mean around $1 trillion flowing into the sector.

In a memo sent to investment professionals, Hougan addressed concerns about Bitcoin price volatility. As Bitcoin bounces between $60,000 and $70,000, he suggested that the best approach is to "stay calm and focus on the long term."