TradFi’s Crypto Crush! 🤑

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My dearest reader, prepare yourself for a revelation as deliciously scandalous as a forbidden tart! A recent survey—oh, the audacity!—conducted by that venerable institution, Brown Brothers Harriman (think old money, tweed jackets, and a distinct lack of irony), reveals a shocking truth: a staggering 71% of those darling ETF investors are positively *lusting* after crypto this year. Fancy that! 🤭

Yes, my friends, the very pillars of TradFi, those guardians of the established order, are succumbing to the siren song of Bitcoin. This isn’t some fly-by-night operation, mind you. Brown Brothers Harriman? They’re practically dinosaurs, but even these ancient behemoths sense the tremors of a new financial era. This data, like a perfectly ripened peach, is utterly delectable. And it confirms what we already suspected: the wealthy, like spoiled children, always want more. ✨

Crypto ETFs: The New Darling of the Decadent

Since the Bitcoin ETFs graced us with their presence in 2024 (a year I vaguely recall involving a particularly memorable butterfly collection), the crypto market has undergone a metamorphosis—a rather dramatic shedding of its skin, if you will. BlackRock’s IBIT? A triumph, a masterpiece, the greatest ETF launch *ever*. (Or so the chattering classes claim. One must always take such pronouncements with a grain of…well, something sparkly and expensive.)

And now, this bombshell from Brown Brothers Harriman: 71% of ETF investors—71%!—intend to further indulge their crypto cravings. The sheer *volume* of this desire is almost…overwhelming.

“Good news for the crypto crowd, 71% [of surveyed investors] said they aim to increase their allocation to crypto ETFs in the next 12 months… That’s higher than I would have thought, I’d have guessed 40-50% and I’m pretty bullish on this space, relatively speaking,” chirped Eric Balchunas, that eternally optimistic ETF analyst. (One suspects he secretly owns a substantial Bitcoin stash. 🤫)

This news arrives at a most opportune moment. The market, my dears, has been a bit of a rollercoaster lately—a chaotic dance of bullish hope and bearish despair. But the tide, it seems, is turning. Issuers are resuming those crucial BTC purchases, and this survey? It’s the perfect cherry on top of this rather delicious sundae. 🍒

Brown Brothers Harriman, with its air of impeccable respectability (and slightly dusty furniture), lends considerable weight to this rather sensational revelation. And let’s not forget those other surveys, whispering similar tales of wealthy investors’ infatuation with Bitcoin. The evidence, my friends, is mounting. It’s a veritable avalanche of…well, money. 💰

Bitcoin ETFs have, after a brief period of soul-searching (and net outflow), largely recovered. Meanwhile, asset managers are filing ETF applications with the SEC like moths to a flame. The long-term outlook? One can only hope for continued bullishness. After all, who doesn’t enjoy a good speculative frenzy? 😉

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2025-03-26 23:16