As news of ETF decisions seem to swirl in and out every week, a new survey conducted by Bitwise Asset Management, a Californian asset management group, reports that 58% of financial advisors would invest in a Bitcoin ETF.
There are a significant number of people who question the need for a crypto ETF, wondering why people would want to marry a next-gen financial technology like crypto with legacy financial technologies like ETFs…At a 0.25%-10% allocation, crypto isn’t a deep focus of most investors, and most aren’t going to reinvent the wheel just to access it. They need it to be easy.
The survey queried 150 participants, who all acted in a financial advisory capacity. The participants were asked what might motivate them to invest in Bitcoin, to which 54% said “better regulation” and…