Odaily News Bitwise Chief Investment Officer Matt Hougan said that the Bitcoin ETF allocation disclosed in the recent 13F filing with the SEC is just a "down payment", and he expects the allocation ratio of spot Bitcoin ETFs in professional investor portfolios to rise to 1-5%, because most professional investors need 6 to 12 months to evaluate cryptocurrencies, following the pattern of due diligence, personal allocation, isolated customer allocation, and full platform allocation stages. (TheBlock)