Bloomberg ETF analyst James Seyfert believes the next phase of adopting a crypto exchange sales fund (ETF) will be driven by financial advisors, wirehouses and brokers who manage wealthy assets.
Talk about the “Coin Story” podcast, Seyffart It is outlined The way these financial institutions overseeing trillions of dollars of assets can play a central role in expanding the market for Bitcoin ETFs.
He said Bitcoin (BTC) ETF has now entered its very strong first year in the market and has surpassed the expectations of many analysts. While Bloomberg maintains the bullish outlook for the ETF, he acknowledged that actual performance exceeded their expectations.
Saifert said:
“There have been some spills in the last few weeks, but they have a $110 billion worth of assets, only $400 billion since launch. IBIT is one of the most traded ETFs consistently, reaching $50 billion in 100 days, with previous records being over a thousand days. So no matter how you slice them, they broke every record you can see.”
Given this momentum, he suggested that gradually adopting Bitcoin ETFs as a portfolio allocation tool for wealthy clients could drive continued success.
Big players participating
Despite being a major player such as BlackRock Recommended 1% to 2% BTC allocation In its investment portfolio, Seyffart emphasized that “big wirehouses and giant banks” are not allowing investors to purchase crypto ETFs.
He added that Wirehouse, Financial Advisors and brokerage platforms manage key capital from ultra-rich investors, including billionaires.
These entities influence asset allocation decisions across a wide range of financial portfolios. Seyffart showed that if these institutions incorporate Bitcoin ETFs as a satellite portion of their portfolio, such as 5%, it could lead to sustained growth in adoption.
In addition to adopting the system, Seyffart noted the trend of businesses, states and even nations adding bitcoin to their balance sheets. This could contribute to the legitimacy and stability of Bitcoin as an asset class within traditional finance.
However, he highlighted that increasing acceptance among financial intermediaries is likely to be a key driver of ETF growth.
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