Hunter Horsley, CEO of Bitwise Asset Management, revealed on Twitter that at least one national government is considering investing in Bitcoin exchange-traded funds (ETFs). The government is contemplating shifting a portion of its foreign exchange reserves, traditionally held in foreign government bonds, into Bitcoin. This move would represent a departure from traditional reserve management practices. This development comes shortly after Federal Reserve Chairman Jerome Powell highlighted BTC as a competitor to gold rather than a currency, signaling growing recognition of BTC as a viable asset class. The total assets under management for Bitcoin ETFs have reached nearly $113.45 billion, with BlackRock's iShares Bitcoin Trust leading the market. The interest in BTC ETFs aligns with legislative efforts at the state level to integrate BTC into everyday financial systems. Meanwhile, the cryptocurrency market has experienced significant growth ahead of Donald Trump's inauguration, buoyed by optimism surrounding his pro-business policies and the possibility of regulatory easing.



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