The forecast mirrors the growing demand for ETFs, as evidenced by recent positive inflows in the U.S. Bitcoin ETF market.

Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin  exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving.

Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in the United States ETF market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain.

BlackRock’s iShares Bitcoin Trust (IBIT) is closing the gap with Grayscale’s, standing just $2 billion shy. This positions BlackRock to potentially surpass Grayscale as the world’s largest Bitcoin fund. Grayscale’s Bitcoin Trust (GBTC) experienced a 68-day period of value decline, shedding nearly $16 billion and reducing its assets to $19.4 billion.

In contrast, IBIT saw continuous asset growth, reaching approximately $17.3 billion in total assets. However, notable capital outflows have been observed from Grayscale’s spot Bitcoin ETF. Over the last five days alone, investors withdrew $89.9 million, contributing to a net outflow of $1.6 billion since January.

Despite its early lead, Grayscale’s supremacy in the Bitcoin ETF market seems to be diminishing. Fidelity and BlackRock quickly gained substantial market shares from the onset of trading. For instance, Fidelity and BlackRock Bitcoin ETFs experienced net inflows of $37.3 million and $18.7 million, respectively, in the same week, providing relief to some of the market’s liquidity issues.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

Bitwise’s CEO describes the adoption of Bitcoin ETFs by registered investment advisers (RIAs) and multifamily offices as “stealthy but significant.” He notes that major financial entities are discreetly conducting thorough assessments of the Bitcoin market.

According to Farside data, GBTC saw outflows of $17.5 million on April 10, a significant decrease from the $154.9 million outflows recorded on April 9. The previous low was on Feb. 26 when GBTC outflowed $22.4 million. The daily GBTC outflow average since January is $257.8 million.

GBTC launched in 2015 and converted to an ETF in January, alongside the launch of nine other spot Bitcoin ETFs after Grayscale won a lawsuit against the U.S. Securities and Exchange Commission, forcing it to review a GBTC conversion bid it previously denied.

Bankrupt crypto lending firm Genesis recently offloaded approximately 36 million GBTC shares to acquire 32,041 BTC.