Bitwise: Large institutions expected to start investing in Bitcoin ETFs in Q2

Bitwise shared excerpts from its CIO Matt Hougan's weekly memo to investment professionals on X. The specific content is as follows:"In the past seven weeks, we have heard the following types of people say they are buying Bitcoin ETFs, including individual retail investors, registered investment advisors (RIAs), family offices, hedge funds, venture capital funds, and asset management companies.As important as who is buying today is who will buy tomorrow. At Bitwise, and I suspect other Bitcoin ETF issuers as well, we are engaged in serious due diligence discussions with the following institutions: major securities firms, institutional consultants, and large corporations. These are massive categories representing trillions of dollars in assets. Based on current trends, I would guess we will see the first significant inflows from these three types of investors in Q2 2024."