Bitwise CIO Matt Hougan Says Next Year Could Be Even Bigger for Bitcoin ETFs – Here’s Why

Bitwise CIO Matt Hougan Says Next Year Could Be Even Bigger for Bitcoin ETFs – Here’s Why


Matt Hougan thinks Bitcoin’s (BTC) journey towards becoming a mainstream asset class is a “multiyear story.”

Hougan, the chief investment officer (CIO) of Bitwise Asset Management, says in a new interview with CNBC that the Bitcoin exchange-traded fund (ETF) numbers in the first half of 2024 suggest “the birth of a new asset class.”

“I think the right analogy to make is back to the original gold ETF approval in 2004. And the thing I find interesting there, which people forget – is that was one of the most successful ETF launches of all time and pulled in $1.5 billion in 2004. But guess what? In 2005, it did more than $3 billion, in 2006 it did more than $4 billion, in 2007 it did

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