Bitcoin ETFs have been a sensation among common investors since 2024, attracting billions at a time. However, Jan van Eck mentioned during Paris Blockchain Week that big players like traditional banks and institutional investors have remained on the sidelines thus far.)
In an unexpected turn of events, small investors have been primarily fueling the growth of Bitcoin ETFs as opposed to large financial institutions, according to van Eck. Remarkably, none of the major U.S. banks have given approval for their financial advisors to recommend Bitcoin investments.
Van Eck expressed surprise but believed traditional investors haven’t jumped in yet. He estimated that around 90% of Bitcoin inflows still come from retail investors. Some large Bitcoin investors and a few institutions have made moves, but they had previously invested in Bitcoin.
The head of an investment management firm shared that none of the large American banks have authorized their financial advisers to suggest Bitcoin as an option to clients at this time. However, he suggested that substantial institutional investments may emerge within the next month. Yet, he cautioned that the Bitcoin ETF market is still in its formative stages.
When inquired about the reason behind individuals’ preference for investing in ETFs rather than purchasing Bitcoin directly, VanEck highlighted the benefits of convenience, security, and cost savings. With ETFs, investors can entrust fund managers with all the responsibilities, while enjoying narrower spreads and reduced fees in comparison to certain crypto trading platforms such as Coinbase.
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Wizardry Variants Daphne tier list and a reroll guide
- Girls Frontline 2 Exilium tier list
- Chhaava OTT release: Where is Vicky Kaushal and Rashmika Mandanna’s film expected to stream after theatrical run? Find out
- Get Ready for the Meme Coin Revolution: Dawgz AI Leads the Pack
- Grimguard Tactics tier list – Ranking the main classes
- Tap Force tier list of all characters that you can pick
- ‘Bachelor’ Co-Executive Producers Exit Franchise
2024-04-11 14:29