Institutional interest in Bitcoin is growing despite price volatility. Companies like Bitwise and Cantor Fitzgerald are expanding their footprint in the crypto space.
New Wave of Bitcoin-Linked ETFs
Bitwise has launched an ETF called the Bitwise Bitcoin Standard Corporations ETF (OWNB), targeting companies with more than 1,000 Bitcoin. Matt Hougan, the chief investment officer, emphasized that corporations see Bitcoin as a liquid, scarce, and government-independent asset.
Wall Street's Deepening Involvement in Crypto
Cantor Fitzgerald announced the launch of a digital asset financing business with Anchorage Digital and Copper as Bitcoin custodians. This move allows institutional investors to leverage their cryptocurrency assets as collateral.
Analysts on the Health of Bitcoin's Price Drop
Despite the recent Bitcoin price decline, analysts consider it part of a healthy correction in the ongoing bull market, anticipating potential further dips before renewed growth.
Even with the recent drop in Bitcoin's price, institutional investments remain robust. Long-term growth expectations, supported by analysis of market trends, continue to be positive.
