Matt Hougan, Chief Investment Officer at Bitwise, has pointed out May 15 as an important date for Bitcoin and crypto enthusiasts.
Bitwise, known for its significant spot BTC ETF, ranks fourth in assets under management (AUM), following BlackRock, Fidelity, and Ark Invest. They anticipate major news about institutional involvement in Bitcoin ETFs.
May 15th: A Pivotal Date for Bitcoin ETF Insights
In a detailed message on X (formerly Twitter), Matt Hougan, Chief Investment Officer at Bitwise, emphasized the importance of May 15th for both investors and enthusiasts. Hougan advised everyone to mark this date on their calendars, particularly those curious about who is buying Bitcoin ETFs.
For everyone wondering "who is buying" bitcoin ETFs, I'd circle May 15th on your calendar.
Investors with more than $100m in AUM have to file reports with the SEC called "13-F Filings" disclosing their publicly traded holdings.
Those filings are due 45 days after the end of…
— Matt Hougan (@Matt_Hougan) March 13, 2024
Deadline for 13-F Filings: May 15th is significant because it marks the deadline for investors managing over $100 million to submit their 13-F Filings with the SEC. These filings disclose holdings in publicly traded assets, providing valuable insights into institutional involvement in Bitcoin ETFs.
Potential for Surprises: Hougan stressed the value of these disclosures, suggesting that some names on the filings might surprise people in a positive way. Crypto analyst MacroScope, also known as @MacroScope17 on X, echoed Hougan’s anticipation, highlighting the potential for intriguing revelations in May.
Insights into BTC ETF Investments: Previously, Hougan shared insights into the demographics driving the surge in BTC ETF investments. These ETFs have seen over $11.1 billion in net new assets since their US launch on January 11th, ranking among the most successful launches in history.
Future Outlook: Hougan revealed that Bitcoin ETFs have attracted various types of investors, including individual retail investors, Registered Investment Advisors (RIAs), Family Offices, Hedge Funds, Venture Capital Funds, and Asset Managers. He anticipates significant flows from Major Wirehouses, Institutional Consultants, and Large Corporations in Q2 2024 based on current trends.
Hougan’s Insights: Strong Interest in Bitcoin ETFs
In a recent comment on X, Matt Hougan shared observations from his nationwide roadshow with financial advisors and family offices, highlighting a widespread and sustained interest in Bitcoin ETFs. According to Hougan, the demand for Bitcoin ETFs is significant and persistent, with high interest among professional investors.
Hougan also noted an acceleration in due diligence processes and a shift in concerns traditionally associated with Bitcoin. One notable theme in conversations is a newfound concern about rising US debt levels. Many advisors’ clients are worried about the US fiscal situation and are turning to bitcoin as a potential hedge against these concerns.
This shift in perception indicates an increasing consideration of Bitcoin as a fiscal safe haven. As of the latest update, BTC was trading at $73,200.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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