New Bitwise Study Shows 58% of Financial Advisors Invest in Bitcoin ETF

While news of ETF decisions appears to be on the rise every week, a new survey by Bitwise Asset Management, a California-based badet management group, indicates that 58 percent of financial advisers would invest in a Bitcoin ETF.

Bit-level badet management published an article on Anthony Pompliano's blog, "Out of the chain,"Who explained why ETFs were important for an extremely innovative badet clbad such as digital currency,

A lot of people are questioning about the need for a crypto ETF and are wondering why they would like to combine a new generation financial technology such as crypto with traditional financial technologies such as ETFs … With an allocation from 0.25% to 10%, crypto & # 39; Most investors will pay close attention, and most will not reinvent the wheel just to access it. They need it to be easy.

The survey interviewed 150 participants, all of whom acted as financial advisors. Participants were asked what would motivate them to invest in Bitcoin, for which 54% answered "better regulation" and 35%, "the launch of an ETF".

They then made a comparison with the first ETF Gold, stating that initially gold could be invested in different ways and that an ETF might not seem necessary. But that changed with the launch of the Gold ETF, which generated staggering trade volumes.

Maintaining the market as fundamentals improve

Bitwise, which has applied for his own ETF to be approved by the US Securities and Exchange Commission (US SEC), is awaiting a decision from the regulator – and all decisions are pending as the United States is fighting against the fact that its government is in a period closure.

Nevertheless, as some of these major developments are only planned, many fundamental improvements have been made to the sector, such as the growth of new niches such as symbolized titles – this bodes well for the market.

Bitwise overall has a very positive market outlook, indicating that market maturation, regulatory clarification and better commercial infrastructure are positive signs. Despite these signs, many experts and badysts are conservative in their market forecasts. JPMorgan Chase says that it could go up to $ 1,250, while Jeff Schumacher, CEO of BCG Digital Ventures says that even zero is possible for Bitcoin.