

#1536 Hunter Horsley & Matt Hougan | Did The Bitcoin ETF End The 4-Year Cycle?
47 snips Apr 23, 2025
Hunter Horsley is the Founder and CEO of Bitwise Asset Management, while Matt Hougan serves as its CIO. They discuss the transformative impact of Bitcoin ETFs on investor sentiment, likening it to the excitement surrounding Facebook's IPO. The conversation explores the trend of sovereign wealth funds entering the Bitcoin space, as well as the balance between direct ownership and ETFs. Additionally, they highlight the importance of trust and competitive pricing in cryptocurrency investing, aiming to bolster confidence among institutional clients.
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Bitcoin ETFs Expand Investor Base
- Bitcoin ETFs opened the market to a wider range of investors who previously could not easily invest in Bitcoin.
- They served as a gateway and legitimized Bitcoin as an investable asset for many people.
ETFs Remove Bitcoin's Zero-Risk Fear
- Approval of Bitcoin ETFs eliminated the fear that Bitcoin could go to zero for many investors.
- This removed a major barrier and increased confidence in investing in Bitcoin through ETFs.
Broad Demand for Bitcoin ETF
- The Bitcoin ETF is being purchased by a diverse group including retail, hedge funds, family offices, and RIA.
- The ETF offers an institutional-grade, low-cost access point attractive to all investor types.