Odaily Planet Daily News: Investment advisors have become the largest traceable group outside of retail investors purchasing Bitcoin and Ethereum ETFs.

Bloomberg ETF analyst James Seyffart pointed out that in the second quarter, investment advisors held more than $1.3 billion (539,000 ETH) in Ethereum ETFs, a 68% increase from the previous quarter; in US spot Bitcoin ETFs, advisors held 161,000 BTC (more than $17 billion), far exceeding hedge fund managers.

Analysts believe that this trend indicates that funds are flowing from speculative to long-term, portfolio-driven allocations, and crypto assets are being increasingly included in traditional investment portfolios, alongside stocks and bonds.

Swyftx Chief Market Analyst Pav Hundal stated that advisors' Bitcoin ETF holdings have grown by approximately 70% since June, indicating that the market is still in its early stages of growth. Komodo Platform CTO Kadan Stadelmann noted that "Main Street" investors are entering the crypto market through advisors, using Wall Street as a gateway, with major institutions like BlackRock and Fidelity as key drivers.

Analysts generally believe that as more crypto ETFs are approved and the regulatory environment becomes clearer, there is still room for investment advisors to significantly increase their share of crypto ETFs. (Cointelegraph)