According to BlockBeats, Samara Cohen, chief investment officer of BlackRock ETF and index investment, revealed at the Coinbase Cryptocurrency Summit on June 16 that about 80% of Bitcoin ETF purchases may come from autonomous investors, who usually configure through online brokerage accounts.

According to the 13-F filings of the previous quarter, hedge funds and brokerage firms have also become buyers, but registered investment advisors have shown a more cautious attitude. Their concerns about Bitcoin are mainly focused on the volatility of cryptocurrency prices and its relatively short historical record.

However, Samara Cohen emphasized that Bitcoin ETFs can serve as a bridge between cryptocurrencies and traditional finance, helping to promote the further development of the cryptocurrency market.