Institutional capital is increasingly steering the direction of the crypto market, executives from Bitwise Asset Management and Aspen Digital told Decrypt in separate interviews during the Token2049 conference in Singapore last week.
Hong Kim, Chief Technology Officer and co-founder of Bitwise, said the investor base for Bitcoin has shifted from retail traders to long-term allocators.
“The first year of Bitcoin ETFs saw about $30 billion of inflows; this year we’ve already added another $20 billion,” he said. “Every quarter, we’ve had steady inflows of $5 to $10 billion. It’s not stopping.”
Kim described the launch of spot Bitcoin exchange-traded funds as “the IPO moment for Bitcoin,” noting that public companies…
Oct 29 2025
