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 data-ct-non-breakable=”null” href=”https://x.com/JSeyff/status/1960726566406651920″ rel=”noopener nofollow” target=”_blank” title=”null”>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 data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/different-types-of-etfs” title=”null”>Bitcoin ETFs. Seyffart data-ct-non-breakable=”null” href=”https://x.com/jseyff/status/1959982000804442559?s=46&t=MuRujqZUAz3TQE1vmr3c6A” rel=”noopener nofollow” target=”_blank” title=”null”>said on Monday that “advisers are by far…

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 data-ct-non-breakable=”null” href=”https://x.com/JSeyff/status/1960726566406651920″ rel=”noopener nofollow” target=”_blank” title=”null”>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 data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/different-types-of-etfs” title=”null”>Bitcoin ETFs. Seyffart data-ct-non-breakable=”null” href=”https://x.com/jseyff/status/1959982000804442559?s=46&t=MuRujqZUAz3TQE1vmr3c6A” rel=”noopener nofollow” target=”_blank” title=”null”>said on Monday that “advisers are by far…