According to official data from Bitwise, as of April 3rd local time, its Bitcoin spot ETF (BITB) holds 32,105.38 BTC with a position value of $2,115,591,955.75. Currently, BITB has a circulating share of 58,890,000.

Bitwise's Chief Investment Officer, Matthew Hougan, stated that as institutional investors gradually enter the cryptocurrency field, they may inject up to $1 trillion into Bitcoin through ETFs. Specifically, if global wealth managers allocate 1% of their investment portfolio to Bitcoin on average, it means that about $1 trillion of funds will flow into the field. In a memo sent to investment professionals, Hougan addressed concerns about Bitcoin's price volatility. As Bitcoin rebounds between $60,000 and $70,000, he said the best approach is to "stay calm and focus on the long term."

Bitwise has updated its holding data for its spot Bitcoin ETF. As of March 22nd, BITB holdings have exceeded 30,000 BTC for the first time, reaching 30,292.21 BTC with a market value of approximately $1,932,031,770.25 USD. There are 55,560,000 outstanding shares, with each share holding 0.000545 BTC.

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Bitwise shared excerpts from its CIO Matt Hougan's weekly memo to investment professionals on X. The specific content is as follows:"In the past seven weeks, we have heard the following types of people say they are buying Bitcoin ETFs, including individual retail investors, registered investment advisors (RIAs), family offices, hedge funds, venture capital funds, and asset management companies.As important as who is buying today is who will buy tomorrow. At Bitwise, and I suspect other Bitcoin ETF issuers as well, we are engaged in serious due diligence discussions with the following institutions: major securities firms, institutional consultants, and large corporations. These are massive categories representing trillions of dollars in assets. Based on current trends, I would guess we will see the first significant inflows from these three types of investors in Q2 2024."

Matt Hougan, the Chief Investment Officer of Bitwise, warned investors to be skeptical of overvalued cryptocurrency projects, as the crypto market is experiencing a "wealth effect." Hougan explained that the recent surge in Bitcoin's price has led investors to diversify their profits into more questionable cryptocurrency tokens, which could give them a false sense of legitimacy. Be careful out there. Many bad projects have received funding during strong bull markets, and the valuations of many projects have reached insane levels.

Bitwise's official data shows that as of March 6, its Bitcoin spot ETF (BITB) held 27,140.95 BTC, an increase of 425.27 BTC from the previous trading day, with a market value of $1,823,290,181.65; the current circulating shares of BITB are 49,780,000.

According to Bitwise, a cryptocurrency asset management company, the updated data for their Bitcoin ETF shows that as of March 1st, Friday, the total holdings of BITB have exceeded 25,000 BTC, with a total of 25,309.03 BTC and a market value of $1,584,049,290.31. In addition, the number of BITB circulating shares has increased to 46,420,000, with each share holding 0.000545 BTC.

Hunter Horsley, the CEO of Bitwise, revealed on the X platform that a registered investment advisor with a market value of over $500 million has created a cryptocurrency model using its BITB spot Bitcoin ETF. However, for confidentiality reasons, Hunter Horsley did not disclose the name of the investment advisory company.

Bitwise, a crypto asset management company, updated its holdings data for its Bitcoin ETF as of Wednesday, February 28th. The total holdings of BITB reached 24,284.31 BTC, with a market value of $1,465,909,132.5. In addition, BITB has 44,540,000 shares in circulation, with each share holding 0.000545 BTC.