According to Odaily, a recent article by CNBC stating that Bitcoin ETFs have failed to win the hearts of financial advisory institutions has been refuted by Bloomberg's senior ETF analyst, Eric Balchunas. Balchunas countered the claim on platform X, stating that in just the first few months following the launch of the Bitcoin ETF, over 500 financial advisory institutions have made purchases.
Furthermore, he pointed out that the Bitcoin ETF has generated more returns than most ETFs have in their entire market lifespan. This contradicts the CNBC article's assertion that Bitcoin ETFs have not been successful in attracting investment from financial advisory institutions. Balchunas' analysis suggests that Bitcoin ETFs have not only attracted significant interest but have also delivered substantial returns.