Analysis of Bitwise Bitcoin ETF Holders: Initial Scale of $3.5 Billion Held by Professional Investors

In a memo to investors, Matt Hougan, the investment manager of Bitwise, the issuer of Bitcoin spot ETF, analyzed the holders of the Bitcoin spot ETF based on the currently announced 13F filings. It was reported that a total of 563 professional investment firms reported holdings of the Bitcoin ETF worth $3.5 billion. However, Hougan pointed out that with the operational mode of institutional investors, all of this is just the beginning, and he is very optimistic about the future of the Bitcoin spot ETF.