Bitcoin ETF assets rise to $2.38B as Bitwise se...
Bitwise's Bitcoin ETF attracted a $16.15 million single-day inflow, lifting its net assets to $2.38 billion and its Bitcoin holdings to 36,868 BTC amid a broader Wall Street market recovery. CEO Hunter Horsley expressed optimism but cautioned that U.S. spot Bitcoin ETFs lack traditional securities protections, highlighting regulatory risks. The inflow reflects a trend of investors favoring large, regulated crypto funds, with BlackRock and Fidelity also seeing significant ETF inflows.
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