Investment Advisers Outpace Hedge Funds in Bitcoin and Ether ETFs

Investment advisers are the largest trackable cohort outside of retail that are buying Bitcoin and Ether exchange-traded funds, according to new data from Bloomberg Intelligence. 

Bloomberg ETF analyst James Seyffart said in an X post on Wednesday that investment advisers are “dominating the known holders” of Ether ETFs, investing over $1.3 billion or 539,000 Ether (ETH) in Q2 — an increase of 68% from the previous quarter.

The same was observed in US spot Bitcoin ETFs. Seyffart said on Monday that “advisers are by far…