According to ChainCatcher news, data shared by Bloomberg analyst James Seyffart shows that investment advisors dominate the known holders of Ethereum ETFs, with this group investing over $1.3 billion in the second quarter, equivalent to 539,000 Ethereum, a 68% increase from the previous quarter. The same trend is seen with the U.S. spot Bitcoin ETF. Advisors are now the largest holders, possessing 161,000 Bitcoins worth over $17 billion.
In response, Vincent Liu, Chief Investment Officer of Kronos Research, stated that this data suggests that capital flows are shifting from speculative to long-term, portfolio-driven allocations. As the largest holders, their strategic positioning provides deeper liquidity and a lasting foundation for the integration of cryptocurrencies into global markets. Furthermore, as more advisors adopt Bitcoin and Ethereum ETFs, cryptocurrencies will be recommended and recognized as long-term diversification tools within traditional portfolios, complementing stocks, bonds, and other mainstream assets.
Reports indicate that with the implementation of regulatory laws, the number of financial advisors for cryptocurrency ETFs may surge. In July of this year, Fox Business News predicted that trillions of dollars could flow into the market through financial advisors.
