「Investment Advisors」 are the largest purchasing group for cryptocurrency spot ETFs, indicating that fund flows are shifting from speculation to long-term, portfolio-driven allocations

BlockBeats News, August 28th, According to data shared by Bloomberg analyst James Seyffart, the investment advisor "known to lead the Ethereum ETF" held over $1.3 billion in the second quarter, equivalent to 539,000 Ether, a 68% increase from the previous quarter. A similar situation was seen with the US Spot Bitcoin ETF. "Advisors are now the largest holders," holding 161,000 Bitcoins worth over $17 billion.

In response, Vincent Liu, Chief Investment Officer of Kronos Research, stated that this data indicates a shift in fund flows from speculative to long-term, portfolio-driven allocations. "As the largest holders, their strategic positioning has provided deeper liquidity and a more enduring foundation for the integration of cryptocurrency into the global market." Furthermore, as more advisors adopt Bitcoin and Ethereum ETFs, cryptocurrency will be recommended and recognized as a long-term diversification tool in traditional portfolios, supplementing stocks, bonds, and other mainstream assets.

The report points out that with the enforcement of regulatory regulations, the number of financial advisors for cryptocurrency ETFs may surge. In July of this year, Fox Business News predicted that trillions of dollars could flow into the market through financial advisors. (Cointelegraph)