TechFlow news, on August 21, Bitwise CIO Matt Hougan posted on X, pointing out that institutional adoption of spot Bitcoin ETFs is reaching record highs, far exceeding market expectations. Since their launch in January this year, Bitcoin ETFs have attracted $17.5 billion in net inflows, significantly surpassing the previous record holder—the Nasdaq-100 QQQ, which achieved $5 billion in its first year. Although recent data shows institutions currently hold only 21% of ETF assets, compared to the ten fastest-growing new ETFs in history, Bitcoin ETFs lead by a wide margin in both the number of institutions involved and the scale of holdings. Hougan emphasized that unprecedented retail enthusiasm has overshadowed institutional participation, but in reality, Bitcoin ETFs are gaining institutional acceptance at an unprecedented pace.
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