RATE Group | Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study
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Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study

20 Jan Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study

Posted at 02:58h in Bitcoin News by

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Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study 101
Source: iStock/pichet_w

A new survey has found that financial advisors in the U.S. would be keen to put their clients’ money into cryptocurrency exchange-traded funds (ETFs) – hinting that should Bitcoin ETFs become easily available, widespread BTC adoption could follow.

The findings come from a study entitled “The 2020 Benchmark Survey of Financial Advisor Attitudes Toward Cryptoassets,” compiled by fund operator Bitwise and media outlet ETF Trends.

The authors suggested that advisors were eagerly awaiting crypto ETFs, and wrote,

“Advisors would overwhelmingly prefer to buy crypto in an ETF package compared with all other options.”

Launching Bitcoin ETFs Could Burst the Bitcoin Floodgates – Study 102
Source: Bitwise

According to the company that is unsuccesfully trying to launch its own Bitcoin ETF, these results were consistent with last year’s survey, although the percentage of advisors with a preference for an ETF somewhat increased year over year, up from 62% to 65%.

Also, 37% of advisors stated that “the launch of a Bitcoin…

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