According to Hunter Horsley, CEO of the investment company Bitwise Asset Management, many firms will increase their stakes in spot Bitcoin ETFs in the near future.

Hunter Horsley said that by the end of 2024, the cryptocurrency community will be surprised at how many financial concerns will invest their capital in Bitcoin spot ETFs.

According to him, companies are now actively analyzing the situation on the cryptocurrency market and investment products based on Bitcoin.

“There is a subtle but significant adoption of spot Bitcoin ETFs,” Horsley said.

The head of Bitwise is convinced that the process of distributing a new class of digital assets will help the crypto market become even more attractive to investors.

Earlier, the CEO of Bitwise said that officially registered investment advisers (RIAs) and companies involved in fiduciary capital management are increasingly becoming interested in Bitcoin.