Institutional Investors Shift Cryptocurrency Strategies Amid Economic Changes

According to PANews, Bitwise CEO Hunter Horsley has observed a shift in institutional investors' cryptocurrency strategies, moving from a focus on market capitalization to more refined, stock market-like investment analysis. This change is driven by the evolving macroeconomic environment, with U.S. interest rates nearing 4%, prompting investors to prioritize asset quality similar to stock selection strategies. Throughout this year, several asset management firms have filed for ETFs targeting assets beyond Bitcoin, including Bitwise's filing for an AVAX spot ETF. Horsley believes that Bitcoin must first be recognized as a store of value before it can evolve into a payment network. He also noted that as the ecosystem matures, future market volatility may be less pronounced compared to historical cycles.