Wealth advisers adopting BTC ETFs faster than any in history: Bitwise CIO.

The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake “is NOT from tradfi institutions.”

Wealth advisers are adopting Bitcoin exchange-traded funds “faster than any new ETF in history,” Matt Hougan, asset manager Bitwise’s chief investment officer, said in a Sept. 9 post on the X platform.
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 Investment Flows: The BlackRock iShares Bitcoin Trust ETF (IBIT) has seen significant interest, attracting approximately $1.45 billion in net flows from wealth advisers. This indicates a strong demand for Bitcoin ETFs among this group 

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