Bitwise client deploys $11M into Bitcoin amid market correction, signaling renewed institutional interest Bitwise CEO Hunter Horsley revealed that a wealth management client invested $11 million in Bitcoin during the recent market correction — the client’s first crypto purchase after roughly two years of conversations with the firm. The buy, made while prices were depressed, highlights how some institutional and high-net-worth investors view pullbacks as buying opportunities rather than red flags. Horsley said a segment of investors who have remained on the sidelines are seeing declines as entry points, drawn by Bitcoin’s long-term value proposition and its capped supply. That narrative, he suggested, continues to resonate in the wealth management world despite the asset class’s short-term volatility. Market analysts told the outlet that sizable purchases like this one point to sustained institutional interest in Bitcoin beyond transient price moves. They also urged investors to use disciplined risk-management strategies to navigate crypto’s ups and downs. Bitwise Asset Management, which offers crypto investment products and services to both institutions and retail investors, has been active in helping clients access digital assets as part of diversified portfolios. Read more AI-generated news on: undefined/news

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