Posted 12/13/2023, 8:35:06 PM
Advisors See Moderate Client Demand for Bitcoin ETF, Survey Finds
- Needham analyst surveyed advisors, Coinbase users, individuals on bitcoin ETF interest
- RIAs have limited bitcoin offerings currently; prefer to guide clients to direct purchases
- Advisors expect 5-10% of clients to own a bitcoin ETF by 2024-2025
- Those who haven't bought bitcoin unlikely to buy a bitcoin ETF
- Among bitcoin owners, slightly more preferred crypto platforms over a bitcoin ETF
- Results suggest a bitcoin ETF may not cannibalize Coinbase's trading business