Summary
- Bitwise analyst Juan Leon predicted more than $3 billion inflows into Bitcoin (BTC) spot ETFs in the second quarter of this year.
- Institutional investors are increasing demand due to regulatory easing, and this will focus on long-term investment.
- In the first quarter, funds were centered on arbitrage, but long-term investment is expected to expand in the future.
Juan Leon, an analyst at Bitwise, predicted that more than $3 billion could flow into Bitcoin (BTC) spot exchange-traded funds (ETFs) in the second quarter of this year.
According to cryptocurrency-focused media outlet CoinDesk on the 2nd (local time), he stated, "Despite the weak BTC price, more than $1 billion flowed into spot ETFs in the first quarter," adding, "While individual investors are cautious, institutions are increasing demand in line with regulatory easing."
He further analyzed, "If the funds that have flowed in so far have been focused on arbitrage, the focus will shift to long-term investment in the future."
Meanwhile, BTC is trading at $86,975, up 2.08% from the previous day, as of 01:20 on the 3rd in the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
