Net inflows mus rau hauv Teb Chaws Asmeskas chaw bitcoin ETFs sawv ntawm ntau dua $ 1.2 billion - ib tug xov tooj ntawm kev lag luam saib xav kom balloon exponentially raws li ntau peev peev nyiaj faib rau cov nyiaj no.
Many of the “primary market” Alex Thorn is the research manager at Galaxy Digital. He says it will take more time for clients to invest in spot bitcoin exchange-traded funds.
Thorn’s comment is in reference to the sector of wealth management, whose assets he believes to total $48 trillion.
“Most of US wealth management [assets under management] is affiliated with banks or broker-dealers, and these platforms have not yet added the bitcoin ETFs to their investment options,” Thorn tells s. “That takes time, but it will happen.”
Around 80% of the financial advisors Bitwise and VettaFi surveyed late last year stated that they either were unable to purchase crypto for their clients or unsure if they could. The respondents included registered independent investment advisors (RIAs), broker-dealer reps, financial planners, and institutional investors.
Nearly 90% of the advisers surveyed said that they would wait until a bitcoin ETF is approved before adding Bitcoin exposure to their client’s portfolios.
Wirehouses - ib lub sij hawm rau cov tuam txhab xws li Bank of America Merrill Lynch, Morgan Stanley thiab Wells Fargo - feem ntau yog qhov qeeb tshaj plaws los faib rau cov kev muab tshiab, hais tias Ric Edelman, tus tsim ntawm Edelman Cov Kev Pabcuam Nyiaj Txiag thiab Digital Assets Council of Financial Professionals.
“Major firms all have investment committees, which need time to decide which of these products to approve for use,” Edelman tells s. “Meanwhile, their legal and compliance officers must write policies governing which of their advisers can offer these products, and which of the firm’s clients will be permitted to invest in them — along with how much each client is permitted to invest.”
Edelman noted that although independent RIAs have a greater degree of flexibility when it comes time to allocate new funds, a vast majority would not be doing so right away. Edelman noted that many advisers do not fully understand blockchain or crypto technology, and they will need to learn how to communicate these areas to their clients.
"Tsuas yog tom qab lawv dhau los ntawm qhov teeb meem no yog cov kws pab tswv yim npaj los daws cov lus nug tseem ceeb," Edelman tau hais. "Cov neeg siv khoom twg yuav tsum nqis peev hauv cov ETFs no? Qhov kev faib tawm twg yog qhov zoo tshaj rau lawv? Cov kws pab tswv yim yuav sib txuas lus li cas cov lus pom zoo no, thiab lawv yuav teb li cas rau cov lus nug thiab kev tawm tsam?
Edelman anticipates that financial advisors will allocate over $150 billion to spot bitcoin ETFs within the next two-years.
The ten spot bitcoin ETFs have been launched since Jan. 11. BlackRock, Fidelity and Grayscale Investments are the top two funds with over $2 billion in net flows each. Outflows have tempered gains for the Bitcoin Trust ETF by Grayscale Investments.
Edelman kwv yees cov nyiaj BTC yuav nyob rau hauv kev tswj hwm kev nplua nuj - nrog cov kws pab tswv yim muab lub peev xwm los faib rau lawv sawv cev ntawm cov neeg siv khoom - dhau rau rau rau 12 lub hlis tom ntej.
“To assess the real success of the bitcoin ETFs, months three through 12 will be much more important than months one through three,” Thorn Note
Ryan Rasmussen, senior crypto research analyst at Bitwise, said some wealth managers — namely RIAs — are already investing in crypto products, with allocations ranging between 1% and 5%. He said that such firms have created a crypto-sleeve within their portfolio model.
“That should translate to meaningful inflows into these products,” Rasmussen told s. “For example, if the spot bitcoin ETFs sucked up 1% of all ETF assets in the US, that would be more than $70 billion of assets under management in spot bitcoin ETFs. We believe that is very reachable.”
Koj puas paub tias ntau dua $ 140 nphom nyiaj hauv Bitcoin, lossis kwv yees li 20% ntawm tag nrho cov khoom siv Bitcoin, tam sim no raug kaw hauv hnab nyiaj tsis siv? Los yog tej zaum koj tau ploj mus rau koj lub hnab nyiaj Bitcoin? Tsis txhob cia cov nyiaj ntawd nyob twj ywm! AI Seed Phrase Finder nyob ntawm no los pab koj rov nkag tau yooj yim dua. Cov software muaj zog no siv cov thev naus laus zis thev naus laus zis thev naus laus zis thiab kev txawj ntse tsim los tsim thiab txheeb xyuas suav tsis txheeb cov kab lus thiab cov yuam sij ntiag tug, tso cai rau koj rov nkag mus rau cov hnab nyiaj uas tau tso tseg nrog cov txiaj ntsig zoo.
