EddieJayonCrypto
14 Mar 25
Bloomberg ETF analyst James Seyffart predicts that financial advisers, wirehouses, and brokers managing assets for high-net-worth individuals will drive the next wave of Bitcoin ETF adoption. These institutions oversee trillions of dollars in assets and could play a central role in expanding the mar...
Bloomberg ETF analyst James Seyffart believes that the next wave of Bitcoin ETF adoption will be driven by financial advisers, wirehouses, and brokers managing assets for high-net-worth individuals. These institutions, overseeing trillions of dollars in assets, are expected to play a central role in expanding the market for Bitcoin ETFs. Despite recent outflows, Bitcoin ETFs have seen exceptional growth, with Seyffart suggesting that gradually adopting them as a portfolio allocation tool for high-net-worth clients could drive continued success.
Seyffart also highlighted the influence of big wirehouses and huge banks in asset allocation decisions, suggesting that their incorporation of Bitcoin ETFs could lead to sustained growth in adoption. He noted that if these institutions begin incorporating Bitcoin ETFs as a satellite portion of their portfolios, it could lead to sustained growth in adoption. Additionally, he pointed out the trend of corporations, states, and nations adding Bitcoin to their balance sheets, contributing to Bitcoin's legitimacy and stability as an asset class within traditional finance. However, he emphasized that increased acceptance among financial intermediaries will likely be the key driver of ETF growth.