TechFlow news, according to The Block, Matt Hougan, Chief Information Officer of Bitwise, a spot Bitcoin ETF issuer, said that institutional investors' Bitcoin allocations revealed in recently disclosed Q1 13F filings are just the "down payment."
Hougan stated that most professional investors require 6 to 12 months to evaluate cryptocurrencies, following a pattern that progresses through stages of due diligence, individual allocations, isolated client allocations, and full-platform allocation.
"Starting around six months after initial allocation, many firms begin allocating across their entire client base, typically at levels of 1-5% of portfolios," Hougan wrote in a report to clients on Tuesday.
He added, "The great promise of Bitcoin ETFs is that they can open the door for professional investors to buy Bitcoin at scale, significantly expanding the pool of capital investing in this asset."
