BTC ETF Investment Remains Private: Top Entities Invest Anonymously
CryptoNewsTerminal Staff21 May, 2024
BTC ETF Investment Remains Private: Top Entities Invest Anonymously
## Private Investments in BTC ETF Hunter Horsley, CEO of Bitwise, revealed that several large organizations and investors have invested in Bitcoin ETFs, preferring to remain anonymous. He hinted at potential investments by tech giants like Meta, citing the impact of institutional involvement on the cryptocurrency market. Horsley anticipates a surge in Bitcoin adoption once the public learns about these undisclosed investments. Previously, he mentioned that an advisory firm managing $500 million in assets is considering using Bitwise's physical ETF for crypto exposure. This news highlights the growing interest in Bitcoin ETFs among established financial entities. While their anonymity remains intact, their participation suggests a shift towards mainstream acceptance of cryptocurrency investments.
