Speaking at the Token49 event in Singapore, Hong Kim and Elliott Andrews said that institutional investors are gaining supremacy in the crypto market, replacing retail traders. They cited the rise of regulated investments such as Spot Bitcoin ETFs, which they said have attracted more than $50 billion in inflows since launch.
Bitwise’s chief technology officer and co-founder said the Bitcoin investor base is moving from short-term retail speculation to sustained institutional investment. He noted that the Bitcoin ETF had about $30 billion in inflows in its first year, and said he believes this momentum will continue.
Kim says the launch of Bitcoin ETF was an “IPO moment” for Bitcoin
While speaking at the Token49 event in Singapore, Bitwise CTO and co-founder Hong Kim said the launch of the Spot Bitcoin ETF is what he described as “Bitcoin’s IPO moment.”
He added that public companies, asset managers and family offices, once dominated by individual traders, have taken to the stage and now dominate deal flow. He believes the new phase will mark the maturity of the market and create sustainable demand that is less responsive to short-term price fluctuations.
socal data According to , the US Spot Bitcoin ETF currently holds total net assets of $167.37 billion, representing approximately 6.78% of Bitcoin market capitalization, with cumulative net inflows of $61.24 billion. Mr. Kim said this growth was driven by the increasing presence of institutional investors, including traditional financial investors, supported by favorable custody and compliance infrastructure.
Meanwhile, Ethereum ETFs also experienced significant inflows, hitting record highs in August. The US ETH Spot ETF currently has a total net asset value of $30.86 billion, which is approximately 5.67% of Ethereum market capitalization.
The fund has also recorded cumulative net inflows of $15.02 billion since its inception. BlackRock’s iShare Ethereum Trust topped the list with a 3.33% share with nearly $18.14 billion in net assets, followed by Grayscale’s Ethereum Trust with a 0.88% share and $4.78 billion in net assets.
In the case of BTC, Fidelity Wise Origin Bitcoin Fund (FBTC) holds a 1.04% share, equivalent to a net worth of $25.21 billion, followed by Grayscale Bitcoin Trust (GBTC), which holds a 0.88% share, currently equivalent to a net worth of $21.48 billion. Kim said the custody issue has largely been resolved, citing regulated providers such as Coinase, Anchorage and Fidelity. He also noted that a recent clarification by the Securities and Exchange Commission (SEC) confirmed that state-chartered trusts qualify as custodians.
Aspen Digital CEO says customers want risk-adjusted performance
Elliot Andrews, CEO of Aspen Digital, said family offices and wealthy clients are considering digital assets as a long-term investment option. He pointed out that the days of chasing hundreds of times returns are over and clients are now primarily interested in consistent risk-adjusted performance. He points out that the political and regulatory situation in the US and abroad has increased investor confidence, and believes that cryptocurrencies form part of a diversified portfolio.
Chainlink co-founder Sergei Nazarov echoed A similar statement was made in March, and F.Tokenization and tokenization by the world’s largest asset managers such as BlackRock and Fidelity International are driving the next phase of digital asset adoption by the entire financial industry.
Hong Kim noted that both retail and institutional investors view Bitcoin as a form of protection against currency depreciation. Currently, the House and Senate remain divided over the following federal funding bills:
The Republican-controlled House is seeking a clean resolution and Senate Democrats are seeking policy conditions, creating uncertainty. The impasse led to an increase in Bitcoin’s position as a hedge against a possible weakening of the dollar, sending its price higher. price It hit an all-time high of $126,198.07 on October 6th.
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