Summary
- Renowned hedge fund investor Josh Mandel announced that he purchased $2 million worth of the Bitwise Bitcoin Spot ETF, BITB.
- This is considered a symbolic case indicating rising interest in Bitcoin on Wall Street.
- Cryptopolitan reported that Bitcoin is establishing itself as a hedge.
Interest in Bitcoin (BTC) on Wall Street seems to be growing.
On the 27th (local time), renowned hedge fund investor Josh Mandel stated on his X (formerly Twitter), "I have invested in Bitcoin in a not-so-good way until now, but from today, I am a Bitwiser."
Mandel then disclosed that he purchased $2 million worth of the Bitwise Bitcoin Spot Exchange-Traded Fund (ETF), BITB.
Crypto-focused media outlet Cryptopolitan commented, "A Wall Street trader's investment in Bitcoin is by no means a small signal," and evaluated that "it shows Bitcoin is establishing itself as a hedge."
Uk Jin
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