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Investment Advisers Poised to Overtake Hedge Funds in Bitcoin and Ethereum ETF Ownership

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Investment Advisers,Hedge Funds,Bitcoin Etfs

CF Benchmarks predicts that investment advisers will surpass hedge funds as the largest holders of U.S.-listed spot bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) by 2024. This shift is attributed to growing investor confidence in digital assets, fueled by regulatory clarity and anticipated unconventional monetary policies from the Federal Reserve. Investment advisers are expected to own over 50% of both BTC and ETH ETFs by 2025, as the U.S. wealth management industry embraces these investment vehicles.

Investment advisers, the gatekeepers to retail and high-net-worth capital, are seen overtaking hedge fund managers in owning BTC and ETH ETFs next year.Investment advisers to push their ownserhip of BTC and ETH ETF markets beyond 50% in 2025, according to CF Benchmarks.

A total of 11 spot BTC ETFs debuted in the U.S. on Jan. 11, providing a way for investors to gain exposure to the cryptocurrency without personally having to hold and store it. Since their inception, they have accumulated over $36 billion in investor funds. "We expect Investment advisor allocations to rise beyond 50% for both assets, as the $88 trillion U.S. wealth management industry begins to embrace these vehicles, eclipsing 2024's combined record-breaking $40 billion in net flows," CF Benchmarks' said in an annual report shared with CoinDesk.

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