Restricting access to growing bitcoin ETFs becoming ‘hard to justify’

The latest surge in interest for US bitcoin ETFs is putting additional pressure on firms that currently don’t offer their clients access to them, industry watchers say. 

The 10-fund segment notched record net inflows of $673 million on Feb. 28. Combined trade volumes reached $7.6 billion that day, shattering the previous record of about $4.5 billion set during the ETFs’ first day on the market.  

Last week’s weekly inflow total for the funds was roughly $1.7 billion — second only to the amount of more than $2.2 billion seen from Feb. 12 to Feb. 16. The trading volumes of the bitcoin ETFs reached new heights, amounting to about $22 billion from Feb. 26 to March 1.

“That…

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