Bitwise, a major ETF issuer, has sparked attention after reports suggested its executives met with a central bank to discuss Bitcoin purchases. The news highlights growing institutional interest in digital assets.
The report comes as Bitwise continues to expand in the crypto ETF market, including recent approvals and plans for upcoming XRP ETF launches.
Meeting Sparks Speculation
Bitwise CIO Matt Hougan is said to have met with a central bank to discuss buying Bitcoin. No official public statements confirms the meeting. Analysts caution that the report remains unverified, though it has fueled excitement in the crypto community.
Some experts compare the situation to gold in 2025, when central banks doubled purchases to 1,000 tonnes annually. ETF demand for Bitcoin is seen as similar, with some suggesting strong institutional interest could push prices higher.
Bitcoin ETFs Driving Demand
Bitcoin ETFs have absorbed over 100% of new supply since 2024, showing how popular these products have become. Investors now have easier access to crypto through regulated ETFs, which adds legitimacy and encourages more mainstream participation.
Major banks, like Bank of America, have also made moves to make Bitcoin ETFs more accessible to traditional investors. This reflects a broader trend of financial institutions engaging with digital assets, signaling a maturing market.
What It Means for the Bitcoin Market
While central bank adoption of Bitcoin is still minimal, the news shows that crypto is increasingly on the radar of large financial players. Reports like these can create market hype, especially when combined with ETF growth and predictions of limited selling pressure.
Analysts warn that while enthusiasm is high, actual central bank purchases remain rare. Investors should be cautious about expecting immediate parabolic price gains.
The Next Phase for Crypto and ETFs
The situation underscores a key trend: institutional adoption is growing, but careful verification is important. Bitwise’s continued ETF expansion and the potential for new partnerships may further integrate crypto into traditional finance.
For investors, this development shows that Bitcoin is gaining attention beyond retail markets. The combination of ETFs, potential institutional buying, and mainstream bank involvement could shape the next phase of market growth, even if central bank adoption remains in its early stages.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Adam Back Refutes Being Mysterious Bitcoin Creator, Satoshi Nakamoto
The New York Times has named Adam Back as a potential candidate for Satoshi Nakamoto, the creator of Bitcoin, based on a year-long investigation. Back denies being Satoshi, and while evidence links him to Bitcoin's origins, claims remain speculative, continuing the debate on the implications of Nakamoto's anonymity.
BlockChainReporter7m ago
Cloudflare Targets 2029 for Quantum-Safe Internet as Threat to Bitcoin Looms
In brief
Cloudflare aims to make its platform fully post-quantum secure by 2029.
New quantum research is compressing security timelines across the tech industry.
The same cryptographic math protects internet
Decrypt39m ago
After a $2.4 million loss over the week, a mega whale opened a $30.2 million BTC short position with 40x leverage, with a liquidation price of $71,941
According to Gate News, after monitoring that 0x2fc “whale” suffered losses of over $2.4 million on April 9, it opened 423.4 BTC short positions with 40x leverage. The position size was about $30.2 million, with an average price of $71,113 and a liquidation price of $71,941; within less than half an hour, it was already down 11%.
GateNews43m ago
BTC up 0.49% in 15 minutes: Short squeeze and U.S. economic data jointly drive the market
From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation.
The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period
GateNews1h ago
Bitcoin’s implied volatility drops to an intra-year low, and the market is reacting mildly to Friday’s CPI data
April 9, U.S. March CPI data will be released on April 11. The market expects the year-over-year rate to rise from 2.4% to 3.4%. The Bitcoin market has responded calmly, with the options market’s volatility range only at 2.5%. Attention has been drawn by the rise in gasoline prices. Analysts believe that CPI data coming in either too soft or too hot will have different impacts on the crypto market.
GateNews1h ago
