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As spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth

As spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth

The price of bitcoin hit $50,000 today, a month after the U.S. Securities and Exchange Commission approved 11 applications for spot bitcoin ETFs. The issuers of those ETFs have seen demand skyrocket beyond initial predictions of a few billion. Assets under management at these issuers total around $28.35 billion, making for a market cap of…