Professional investors in the United States are rapidly taking larger positions in Bitcoin (BTC) and Ethereum (ETH) ETFs. According to new data from Bloomberg Intelligence, they now play a dominant role in this market – and that can have major consequences for the role of crypto in traditional investment portfolios.
$ 17 billion in Bitcoin ETFs
Bloomberg analyst James Seyffart reports that advisers were struck more than 1.3 billion dollars in Ether ETFs in the second quarter-that amounts to around 539,000 ETH. An increase of 68 percent compared to the quarter before.
They also predominate at Spot Bitcoin ETFs. In total they own 161,000 BTC, with a joint market value of more than $ 17 billion.
With that they invest almost twice as much as hedge funds. And according to Seyffart that is not the whole story yet. “These figures only show 25 percent of the market,” he says. “The rest – around 75 percent – is mainly with ordinary investors.”
What is an ETF?
An ETF is a listed fund that follows the price of an underlying value, such as an index, raw material or in this case a crypto coin. As a result, investors can easily act in crypto via the stock market, without having to buy and store the coins themselves.
‘This is no longer hype, this is strategy’
What is striking: this is no longer about fast profit seekers, but about long -term strategy. According to Vincent Liu from Kronos Research, this development marks a tipping point. “This is no longer a speculative money. It’s about serious allocation. Crypto becomes part of global portfolios,” he says.
PAV Hundal of the Australian Swyftx also recognizes that shift. He saw the positions of advisers in Bitcoin ETFs increase by 70 percent since June. And according to him we have only just started. “As always with investments: first the daring steps in, then the rest follows.”
Ethereum is at the forefront of institutional inflow
After a week of outflow yesterday, the Bitcoin ETFs again showed a positive inflow: 81.4 million dollars, good for the third day in a row with a positive balance. In total, the inflow over three days amounted to $ 388.6 million, according to figures from Farside.
Ethereum is doing even better. Yesterday alone, 307.2 million dollars were invested in Spot ETFs. In three days, the total inflow will even be $ 1.2 billion. With that, Ethereum seems to be gaining popularity quickly under institutional investors.
Source: https://newsbit.nl/beleggingsadviseurs-kopen-massaal-bitcoin-en-ethereum-etfs-wat-betekent-dit/
