BITCOIN ETF BUYING LED BY RETAIL, HEDGE FUNDS, FAS; LARGER PLAYERS STILL TO COME: BITWISE CIO

Summary from the TLDR Crypto newsletter

In a recent interview, Bitwise Chief Investment Officer Matt Hougan highlighted the success of the spot bitcoin ETFs, explaining the demand and claiming the real demand is yet to come. Demand for these new products has so far been driven mainly by retail investors, hedge funds, and independent financial advisors. Hougan is forecasting an increase in demand for spot bitcoin ETFs once major US wirehouses start participating.