Advisors Betting Big on Bitcoin ETFs đ°
In Q2 2024, investment advisors boosted their holdings in spot Bitcoin ETFs by 3%, showing growing confidence in crypto.
Coinbaseâs latest report highlights how advisors are doubling down on Bitcoin ETFs, thanks to Morgan Stanley now allowing their 15,000 advisors to recommend these to wealthy clients.
But while advisors are increasing stakes, hedge funds are dialing back, drawn to the quick gains of Bitcoin futures instead. With $2.4 billion in institutional inflows, Bitcoin ETFs are proving their resilience, despite a summer slowdown.
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