Samara Cohen of BlackRock stated that registered investment advisors (RIAs) are avoiding purchasing Bitcoin ETFs. According to CNBC, 80% of BTC ETF investments are made by individual investors. She pointed out that hedge funds and brokerage firms are buying Bitcoin ETFs, but Cohen emphasized that there is a group of investors who are not yet enthusiastic about this investment tool.
“Caution… I want to say… they are diligent… investment advisors are the trusted face for clients. This is an asset that has experienced 90% price fluctuations over time, and their job is to build portfolios and conduct risk analysis due diligence. They are now working hard,” said Cohen.
Read more: 
A cryptocurrency company has applied to merge Bitcoin and Ether ETFs.
She believes that investment advisors are just starting to incorporate Bitcoin ETFs into their strategies.
“Now is the time to provide key information, conduct risk analysis, and determine how BTC can play a role in portfolios, such as establishing appropriate ratios based on investors’ risk tolerance and liquidity needs. This is part of the advisor’s job, so I think this is the right approach, this is how they should do their job,” said Cohen.
Mark Yusko, co-founder of Morgan Creek, predicts that in the coming months, millennial financial advisors will invest about 1% of their holdings in cryptocurrency-based securities. The millennial generation controls $30 trillion through financial advisors…”
“I think $300 billion – their 1% – will enter this field. This is actually more than the amount of Bitcoin traded in the past fifteen years,” predicted Yusko. 