Matt Hougan sees ETF approval propelling a long-term price rally for crypto assets.                
 Bitcoin remains unaffected by the recent Spot ETF approval as prices tumble.
Bitcoin ETFs are expected to change the entire cryptocurrency market and market players have been fueling this narrative since the previous year. Following the recent approval of 11 Bitcoin Spot ETFs, Matt Hougan, the Chief Investment Officer of Bitwise Asset Management echoed similar sentiments.
Convinced that the ETFs will help to bolster the prices of crypto assets, Hougan has laid down his bullish near-term and long-term expectations. He asserted;
I think the short-term flows are priced in. I think that’s what we’re seeing in the market. The price has been volatile, but it hasn’t moved that much since it became clear these were going to launch. I think it’s fair to think that the immediate flows are likely priced in. I think the market dramatically underestimates the long-term impact by a

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/bitwise-cio-market-undervalues-bitcoin-etfs-long-term-impact/?utm_source=rss&utm_medium=rss&utm_campaign=bitwise-cio-market-undervalues-bitcoin-etfs-long-term-impact