Odaily News Following Abu Dhabi's recent investment in BlackRock's Bitcoin ETF, Geoffrey Kendrick, head of global digital asset research at Standard Chartered, expects more sovereign wealth funds to enter the market. At the same time, he also predicted that more national pension funds and other institutional investors will buy Bitcoin, and central banks may follow suit, noting that the Czech National Bank is considering investing 5% of its 140 billion euro reserves (about 7 billion euros) in Bitcoin, while the Swiss National Bank is also in the early stages of considering Bitcoin investment. As institutional access to Bitcoin improves and volatility decreases, Kendrick expects more portfolios to "migrate from a starting point of underweight Bitcoin to optimal levels." (The Block)