I'm no expert. I could be way off on the impact but I don't think I'm wrong about investment advisors. At least the small ones.

Huge volume so far but could but wall street traders playing with the new toy. 

grayruby

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.

bitcoin

Vanguard Is Not Allowing Clients to Buy Bitcoin ETFs (They Can Sell Though)

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.