Independent Advisors Set to Invest $150 Billion in Spot Bitcoin ETFs, Predicts Ric Edelman

The creator of the biggest Registered Investment Advisor (RIA) in the country, Ric Edelman, has made a ground-breaking disclosure indicating that he expects Independent Financial Advisors to invest heavily in spot Bitcoin ETFs. Edelman believes that this action will make the debut of these ETFs the most successful in Exchange-Traded Fund (ETF) history.

According to Edelman’s study, an astounding 77% of independent advisers are preparing to allocate 2.5% of their customers’ portfolios on average to spot Bitcoin exchange-traded funds (ETFs). In the next two to three years, this prediction corresponds to an incredible $154 billion investment, given that Independent RIAs jointly manage an amazing $8 trillion.

Bitcoin’s Soaring Future

Edelman says he is confident in Bitcoin’s future and believes it will rise to $150,000 in two years, almost three times its present value. However, he advises advisers to proceed cautiously in the US market. Speaking of the process as a gradual one, he says, “It’s going to take time for asset flows to occur.”

Edelman emphasizes that advisers and businesses alike must be ready since adding new ETFs to platforms and creating compliance guidelines call for careful planning. In order to close the knowledge gap, Edelman founded the Digital Assets Council of Financial Professionals in 2015, which offers professional certification in cryptocurrency education.

As advisors navigate this evolving landscape, Edelman outlines the key tactical questions they need to address. From determining suitable clients for Bitcoin ETF investments to deciding the optimal allocation strategy, advisors must also develop effective communication methods to convey recommendations to clients.

With a statement like, “In the long run, I fully expect bitcoin’s price to be in the low to middle six figures, but it won’t happen overnight,” Edelman highlights the need of having reasonable expectations. He supports a methodical approach, tying Bitcoin in with established investing techniques like tax loss harvesting, dollar-cost averaging, and rebalancing.

Although Edelman believes that Bitcoin will have a bright future in portfolios, he cautions investors and advisors not to expect rapid triple-digit returns and instead suggests taking a measured and patient approach.