Senior figures from CoinShares, Calamos, ProShares and Flow Traders flagged Coinbase-heavy custody concentration, modest advisor uptake and creation-flow inefficiency as being among the next set of problems to solve. Spot Bitcoin ETFs solved crypto’s long-running access problem by putting bitcoin exposure inside a familiar brokerage and wealth-management wrapper. Advisor adoption remains modest relative to the size of the wealth-management market, with client-communication risk still limiting b…
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