According to Cointelegraph: Jan van Eck, CEO of the investment management firm VanEck, highlighted that spot Bitcoin exchange-traded funds (ETFs) are largely receiving inflows from retail investors, representing about 90% of the aggregate. Despite these ETFs inviting considerable capital since their 2024 inception, traditional banks and institutional investors are largely absent.

The VanEck CEO, speaking at Paris Blockchain Week, confirmed that while Bitcoin ETFs have seen billion-dollar inflows on some occasions since launch, greatly exceeding his own expectations, traditional financial sector players have yet to make significant contributions. The lack of involvement from U.S. banks, none of which have officially sanctioned financial advisors to recommend Bitcoin, is also noteworthy, he explained.

Van Eck sees potential for considerable institutional investment from banks and conventional firms in the upcoming month, although the Bitcoin ETF landscape is still in its early stages. Convenience, safety, and affordability were cited by Jan van Eck as reasons for investors choosing Bitcoin ETFs over direct purchase and management of BTC.

VanEck posits that Bitcoin can substantially complement gold in investors' portfolios, acknowledging the rising influence political, economic, and technological trends have on the financial markets. While Bitcoin ETFs have undeniably left an impact on the market and the Bitcoin price appreciation in 2024, Van Eck emphasizes that Bitcoin's influence extends beyond ETFs, highlighting the significance of global and Asian markets.