"Investment Advisors to Become Largest Holders of Bitcoin (BTC) and Ethereum (ETH) Spot ETFs Next Year"
Summary
- Investment advisors are expected to become the largest holders of Bitcoin (BTC) and Ethereum (ETH) spot ETFs next year.
- Currently, hedge funds hold a 45.3% share in Bitcoin spot ETFs, but the share of investment advisors is expected to exceed 50% next year.
- It is anticipated that the demand for assets like Bitcoin will increase if the monetization of debt in the United States intensifies.
According to CoinDesk, a cryptocurrency-focused media outlet, CF Benchmarks, a provider of cryptocurrency benchmark indices, stated that "investment advisors are expected to surpass hedge funds to become the largest holders of U.S.-listed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) next year." They analyzed that "currently, hedge funds account for 45.3% of all BTC spot ETFs, while investment advisors account for 28%."
Furthermore, "in the case of ETH spot ETFs, investment advisors already account for 33%, surpassing the hedge fund share of 23.2%. It is expected that next year, the share of investment advisors will exceed 50% for both."
Additionally, they noted that "if the monetization of debt in the United States (where the government debt is directly acquired by the central bank) intensifies, the demand for assets like Bitcoin as a hedge against currency weakness will increase."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
