Coin-Turk 20 minutes ago
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CF Benchmarks has announced that investment advisors are set to become one of the largest investors in spot Bitcoin (BTC) 
$94,322 exchange-traded funds (ETFs) listed in the U.S. The 11 spot BTC ETFs launched in January provide investors with exposure to the cryptocurrency without requiring direct ownership. Since their inception, these ETFs have accumulated over $36 billion in investments.
Bitcoin and Ether ETFs
Currently, hedge fund managers control 45.3% of the ETFs, while investment advisors hold the second position with a 28% share. However, CF Benchmarks forecasts that by 2025, the share of investment advisors in the BTC and Ether (ETH) ETF markets will exceed 50%.
CF Benchmarks is a UK-based index provider behind several significant cryptocurrency asset indices, including BRRNY. In its annual report, the firm indicated that the adoption of these tools by the U.S. asset management industry, valued at $88 trillion, will increase the share of investment advisors.
“This shi…
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