「Investment Advisor」 Emerges as the Largest Purchasing Group for Crypto Spot ETF, Signaling a Shift in Funds Flow from Speculation to Long-term, Portfolio-driven Allocation
BlockBeats News, August 28th, According to data shared by Bloomberg analyst James Seyffart, the investment advisor "known to dominate the Ethereum ETF" invested over $1.3 billion in the second quarter, equivalent to 539,000 Ether, a 68% increase from the previous quarter. A similar situation was observed with the U.S. Bitcoin spot ETF. "Advisors are now the largest holders," holding 161,000 Bitcoin valued at over $17 billion.
In response to this, Vincent Liu, Chief Investment Officer of Kronos Research, stated that this data indicates a shift in fund flows from speculative to long-term, portfolio-driven allocations. "As the largest holders, their strategic positioning has provided deeper liquidity and a more enduring foundation for the integration of cryptocurrency into the global markets." Furthermore, as more advisors adopt Bitcoin and Ether ETFs, cryptocurrency will be recommended and recognized as a long-term diversification tool in traditional portfolios, complementing stocks, bonds, and other mainstream assets.
The report points out that with the implementation of regulatory measures, the number of financial advisors for cryptocurrency ETFs is likely to surge. In July of this year, Fox Business News predicted that trillions of dollars could flow into the market through financial advisors. (Cointelegraph)
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