The CEO of investment management firm VanEck says spot Bitcoin ETFs have mainly attracted capital inflows from retail investors in the four months since their launch.
Bitcoin exchange-traded funds (ETFs) have attracted significant amounts of capital in 2024, but traditional banks and institutional investment have yet to enter the fray.
Speaking exclusively to Cointelegraph at Paris Blockchain Week, VanEck CEO Jan van Eck said the retail sector has primarily been responsible for inflows into spot Bitcoin (BTC) ETFs in the United States.
Van Eck said that the initial success of the ETFs, which have on some days seen billions of dollars of inflows since their launch, surpassed his expectations. However, he believes the inflows have not come from significant investments from traditional finance (TradFi) players.
