Bitcoin ETF recovers with net inflows as wealth advisors accelerate adoption, signaling potential bullish momentum.
However, on the 9th of September, BTC ETFs recorded a net inflow of $28.6 million, signaling a potential shift in market sentiment., Chief Investment Officer at Bitwise, noted that wealth advisers are adopting Bitcoin ETFs rapidly, reflecting growing confidence in the asset’s future.
“Jim is wrong here: Investment advisors are adopting Bitcoin ETFs faster than any new ETF in history.” He noted that around 85% of BTC ETF uptake is from non-traditional finance sources, suggesting that while wealth advisers are increasingly adopting Bitcoin ETFs, institutional participation remains relatively limited at this stage.“Per his table, IBIT has attracted $1.45 billion in net flows from investment advisors. He calls this “small” because it’s a fraction of the $46 billion that has flowed into bitcoin ETFs in total.”“But if you excluded all other flows, and just looked at the $1.
However, KLMT’s large asset size is misleading because it was funded by a single investor, not through widespread market adoption.
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