Bloomberg Analyst: Financial Advisory Firms Are Major Holders of Spot Bitcoin ETFs

Odaily News Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that by analyzing the disclosed 13F reports, it can be found that financial advisory companies are the largest holders of spot Bitcoin ETFs. Their holdings currently rank first, accounting for about 20% of the total assets, and this proportion may rise to 35-40% as adoption continues to expand.