Summary
- It reported that the recent virtual assets market is showing weakness.
- Hunter Horsley, Bitwise CEO, said there was an inflow of $40 million into ETF products.
- Horsley said that buying when assets are cheap is a good way.
The virtual assets (cryptocurrencies) market has recently been broadly weak. However, there are also views that this should be seen as a buying opportunity.
On the 22nd (Korean time), Hunter Horsley, Bitwise CEO, said on X (formerly Twitter), "There was an inflow of $40 million into Bitwise's exchange-traded fund (ETF) products," adding, "Some are selling, but ETF investors are buying."
Horsley also said, "It is virtually impossible to perfectly time the bottom," and explained, "Buying when assets are cheap is a good way." He added, "We think this moment will be looked back on as an opportunity."
Uk Jin
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