Standard Chartered: Sovereign Wealth Funds Will Buy More Bitcoin

With the plus people expected to surge successful worth successful the coming years, truthful to volition the entities who put successful it. According to Standard Chartered, the fig of sovereign wealthiness funds investing successful Bitcoin is expected to proceed increasing. Indeed, the $870 cardinal plus manager forecasts the inclination volition beryllium a driving unit of its $500,000 projection for BTC by 2028.

The connection follows Abu Dhabi’s sovereign wealthiness money precocious investing successful BlackRock’s iShares Bitcoin Trust (IBIT) ETF. They were surely not alone, arsenic they joined a fistful of akin wealthiness funds that person invested successful the plus people done exchange-traded products. It appears arsenic though the ongoing inclination is 1 that analysts expect to grow.

JUST IN: $870 cardinal plus manager Standard Chartered expects much sovereign wealthiness funds to commencement buying Bitcoin.

Also Read: Fidelity Says Governments Are Likely to Buy Bitcoin successful 2025

Standard Chartered Expects Foreign Wealth Funds to Buy More Bitcoin

The past respective years person seen unprecedented maturation deed the integer plus sector. Bitcoin specifically has driven the surge successful adoption and prominence. In 2024, the plus people reached a six-figure terms for the archetypal time, portion showing that its aboriginal is arsenic agleam arsenic it has ever been.

That is apt to spur adjacent much engagement successful the plus people successful the coming years. According to 1 plus manager, it volition spot governments get progressively involved. Specifically, Standard Chartered has said they expect sovereign wealthiness funds to statesman buying Bitcoin.

Source: Watcher Guru

Also Read: President Trump signs Executive Order for Sovereign Wealth Fund

The $870 cardinal plus manager’s planetary caput of integer plus research, Geoffrey Kendrick, expects the inclination to statesman showing itself successful the adjacent term. “The 13F filings for Q4 amusement that process is underway,” Kendrick told The Block. “It is happening.”

Abu Dhabi precocious invested successful BlackRock’s Bitcoin ETF, but they aren’t the lone sovereign wealthiness money embracing the starring cryptocurrency. Indeed, Norway, Singapore, Saudi Arabia, and Canada person each invested successful Bitcoin through sovereign wealthiness funds.

With US President Donald Trump signing an enforcement bid to make the United States’ archetypal sovereign wealthiness fund, galore expect the state to beryllium next. Trump’s affinity for the plus people cannot beryllium understated. If helium opts to code a BTC reserve, it could lone further the asset’s terms trajectory. Indeed, Standard Chartered believes it volition people $500,000 earlier Trump’s 2nd word is through.