Jan van Eck, CEO of investment management company VanEck, stated that the US Bitcoin spot ETF has primarily attracted capital inflows from retail investors in the four months since its launch. During the Paris Blockchain Week, van Eck mentioned in an interview with Cointelegraph that the initial success of these ETFs has exceeded his expectations, with some trading days experiencing billions of dollars in capital inflows. However, he believes that these inflows have not been influenced by significant investments from traditional financial participants. Van Eck added that so far, no US bank has officially approved or allowed its wealth advisors to recommend Bitcoin. While there may be significant institutional investments from banks and traditional companies next month, the Bitcoin ETF landscape is still in its early stages. When asked why investors prefer to invest in Bitcoin ETFs rather than purchasing and managing Bitcoin themselves, van Eck stated that convenience is a major reason, as investors want fund managers to handle their entire investment portfolio. Despite the widespread attention on the impact of Bitcoin ETFs and Bitcoin’s surge in 2024, van Eck believes that their influence may be exaggerated. He pointed out that the significant increase in Bitcoin prices in early April did not occur during US trading hours, indicating the influence of the Asian market.
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