Based on my conversations with friends that are wealthy about bitcoin I have my doubts that we are going to see the millionaire class's investment advisors telling them to get into these ETFs. This is not a popular opinion but I think it is going to take some time for tradfi bros to see the value of bitcoin. I think a lot of money is gonna flow into these ETFs but I'm not sure it is gonna happen as quickly as many seem to believe.

The SEC approving these is a signal to advisors that they need to get up to speed on bitcoin. Now, I have my doubts about the advice they will give but the ETFs are a signal to tradfi to pay attention to BTC.

Now I have heard tradfi folks say they know billionaires that are gonna ape in but I don't think the low level rich are gonna jump in right away.