Head of Research at Galaxy Digital: Bitcoin ETFs Yet to Be Massively Adopted by Its “Primary Market”

Alex Thorn, research director at Galaxy Digital, said that Bitcoin ETFs have not yet been widely adopted by their "primary market" and they need more time before investing client funds. Thorn mentioned the wealth management industry, estimating that it manages $48 trillion in assets. He said, "Most US wealth management companies (manage assets) are owned by banks or broker-dealers, and these platforms have not yet added Bitcoin ETFs to their investment choices. This takes time, but it will happen."