Odaily Planet Daily News One of the main arguments for Bitcoin ETFs is that financial advisors need regulated funds like them to guide their wealthy clients to invest in Bitcoin. Nearly six months after the launch of these ETFs, there are few signs that financial advisors are rushing to buy these funds. Many people are still as reluctant to accept Bitcoin as before. However, this does not mean that ETFs are a failed experiment. First, the Bitcoin ETF has been hailed as one of the most successful ETF launches in history, with BlackRock's iShares Bitcoin Trust (IBIT) reaching $20 billion in assets under management this week, even as financial advisors remain on the sidelines. CNBC interviewed more than a dozen members of the CNBC Advisory Board to find out why so many financial planners are still negative about Bitcoin and Bitcoin ETFs, and what reasons would cause them to change their attitudes. It comes down to two main factors: market time and regulatory compliance. (CNBC)