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Bitwise CEO Reveals Nation State Inquiry on Bitcoin ETFs Amid Fidelity's 4,660 Bitcoin Purchase Worth Half a Billion $

Jan 16, 2025, 01:00 AM

Hunter Horsley, CEO of Bitwise, announced that the firm has provided information to a nation state regarding Bitcoin exchange-traded funds (ETFs). This inquiry comes as the nation state considers reallocating some of its exposure from foreign currency government bonds into Bitcoin. The development signals a potential shift in investment strategies at the national level. Additionally, Fidelity has reportedly acquired 4,660 Bitcoin, valued at approximately half a billion dollars, raising speculation about nation states actively bidding for Bitcoin.