Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs).

In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC).

Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds.

“You’re already seeing it broaden out actually. A lot of people were worried about the Ethereum ETFs for instance, which launched this summer and had tepid inflows.

But over the last month or so, you’ve seen billions of dollars flow into those products.

Again, the things that have happened in crypto in the past keep happening. Historically, most people enter crypto through Bitcoin, and then they discover Ethereum, and then they think about Solana. There’s no reason to assume that the institutions that came into Bitcoin won’t move on to other assets in the future. 

In fact, I think in 2025, you’re going to see an explosion of interest in index space strategies that give diversified exposure to crypto. Of course, [that is] something we’ve been doing at Bitwise since 2017 when we pioneered that concept. I think 2025 is when that becomes a mainstream way to allocate to this space, the same way it is to stocks and bonds and real estate and everything else.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Julien Tromeur/Sensvector

Billionaire Warren Buffett just poured more than half a billion dollars into three assets.

After dumping huge positions in Apple and Bank of America and hoarding $325 billion in cash, new SEC filings show the Berkshire Hathaway chairman and CEO has bought $405 million of Occidental Petroleum (OXY).

Occidental Petroleum is a global energy company involved in oil and gas exploration and production, with further ventures in chemicals and low-carbon initiatives.

OXY is down 21% since the start of the 2024, dropping from $60.05 to $47.13 at time of publishing.

Meanwhile, Buffett has also purchased $113 million in Sirius XM Holdings (SIRI) and $45 million in VeriSign (VRSN).

Sirius XM offers satellite and streaming radio services across North America, with its stock down 57% since the start of 2024, from $54.90 to $23.08.

VeriSign is a global provider of domain name registry services and internet security solutions, with shares down 1.35% year-to-date, from $201.56 to $198.84.

Buffett completed purchases of the three companies last week and was required to report the buys immediately because Berkshire now owns more than 10% of each company.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The cryptocurrency market surge has delivered exceptional returns for hedge fund giants Brevan Howard and Galaxy Digital.

The duo has risen as standout performers following Bitcoin’s rise to $108,000.

According to data from Hedge Fund Research, cryptocurrency-focused hedge funds achieved gains of 46% in November, pushing their year-to-date returns to 76%. This performance outpaces the broader hedge fund industry, which recorded a more modest 10% gain in the first 11 months of 2024.

Hedge funds capitalize on market momentum

Brevan Howard Asset Management, with CEO Aron Landy at the helm, manages $35 billion in assets. The fund has seen its main cryptocurrency fund surge 33% in November alone. This contributed to a 51% gain for the first 11 months of 2024.

Under billionaire Mike Novogratz’s leadership, Galaxy Digital has posted even more impressive results. Its hedge fund strategy has delivered a 43% return in November and a 90% gain in 2024.

The New York-based firm has successfully expanded its assets under management to $4.8 billion. This was partly through strategic acquisitions of assets from distressed crypto companies.

The recent rally gained additional momentum following Donald Trump’s U.S. presidential election victory. Investors view this as a potential catalyst for more crypto-friendly regulatory policies.

Trump’s appointment of venture capitalist David Sacks as cryptocurrency czar and the anticipated replacement of SEC Chair Gary Gensler with cryptocurrency advocate Paul Atkins has further helped market confidence.

Still, it was under Gensler that the crypto sector received a major boost in January 2024 when the SEC approved 11 exchange-traded Bitcoin (BTC) funds. This move opened new channels for institutional and retail investment. However, the market experienced a slight pullback this week following the Federal Reserve’s announcement of lower-than-expected rate cuts for the coming year.

Bitcoin’s price has surged 130% year-to-date, reaching approximately $108,000. However, the recent pullback saw BTC going as low as $92,175. At last check on Saturday, Bitcoin was trading at $97,232.