BlackRock's Chief Investment Officer for index investments, Samara Cohen, has noted that despite the success of spot Bitcoin ETFs, financial advisors remain cautious. Since their launch in January 2024, spot Bitcoin ETFs have seen over $15 billion in inflows, with brokerages and hedge funds being key participants. However, financial advisors remain skeptical due to the volatility and infancy of Bitcoin and related ETFs.

Cohen stated that financial advisors are doing their due diligence and risk analysis, which is part of their job. The volatility of cryptocurrencies requires advisors to carefully analyze data and assess risks before deciding on investment exposure.

Despite the skepticism, Cohen believes that Bitcoin ETFs can bridge the gap between cryptocurrency and traditional finance, especially for investors wary of exposure to risks. This optimism reflects the potential of DeFi and BRC 20 tokens in the evolving financial landscape.