itwise CEO, Matt Hougan has publicly stated that the Bitcoin spot ETFs are currently being adopted and praised by many investment advisors, even more than any other ETF that was launched in history. This fast growth contradicts the notion that these BTC ETFs are only for short term speculation.
BlackRock's IBIT Leads the Pack
This is the case of BlackRock’s Bitcoin spot ETF, which has experienced approximately $1.45 billion dollars in inflows, making the fund one of the fastest growing ETF launched in 2024.
Contextualizing the Inflows
Although inflows from advisors make up a small percentage of total Bitcoin ETF inflows, they reflect tremendous market adoption. Bloomberg analyst Eric Balchunas also supports these inflows as more natural than any other ETF that has come out this year.
Increasing Interest from the Institutions
Currently, there are more than 1000 institutional investors who invested in BTC ETFs, while 20% of IBIT’s shares are owned by institutions and large advisers.Furthermore, Eric Balchunas, a Bloomberg analyst supports the idea that these inflows from advisors are more solid and are considered more organic inflows than other ETFs that were launched in 2024.
Bitcoin ETFs: A New Investment Era
New Opportunities for Bitcoin Trading. The fact that investment advisors have recently started to embrace Bitcoin ETFs as the mainstream investment tool proves that the idea of cryptocurrencies and Bitcoin is changing for the better. Such trends are likely to persist in the future which points towards the likelihood of Bitcoin ETFs being an accepted and important element in every investor's portfolios.
