Analyst James Butterfill, Head of Research at CoinShares, has recently predicted a potential positive demand shock for Bitcoin in the near future due to increased interest from Registered Investment Advisors (RIAs). This surge in demand could be catalyzed by substantial inflows of capital into the digital asset market, particularly through spot bitcoin Exchange-Traded Funds (ETFs).

A Long Way to Go

In a recent blog post, Butterfill pointed out that spot bitcoin ETFs have yet to become available to the RIA market. He explained that fund platforms commonly used by RIAs typically require three months of trading data before including newly issued ETFs. 

Notably, only the investment advisory…

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