According to CryptoPotato, traditional financial companies in the United States are joining the ranks of cryptocurrencies to provide their clients with access to this emerging field. This trend is reflected in the portfolio allocation of cryptocurrency investment products. Eric Balchunas, an exchange-traded fund (ETF) analyst at Bloomberg, revealed on Twitter that two US investment advisory firms, Legacy Wealth Asset Management and United Capital Management, from Minnesota and Kansas, respectively, have allocated 6% and 5% of their portfolios to the Fidelity Wise Origin Bitcoin Fund (FBTC). The portfolio allocations of the two asset management companies have allowed them to invest more than $20 million each in FBTC, surpassing the $17 million invested by competitors in BlackRock's ETF, IBIT. Balchunas called their allocations a "new high-level mark" for investing in Bitcoin ETFs, adding that such a development is a nightmare for the "insufficient club of RIA skeptical branches." On the other hand, the "quite high" allocation is a beautiful sight for market participants who hope to see long-term adoption.