2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals
James Seyffart, a Bloomberg Intelligence ETF analyst, predicts that significant institutional demand for spot-Bitcoin ETFs will emerge from registered investment advisers (RIAs) gaining discretionary clearance to recommend these ETFs to clients, rather than from pension funds or sovereign wealth managers. Currently, most advisers can only act on client requests for Bitcoin ETFs but cannot initiate recommendations. Seyffart categorizes firms into three compliance levels: red-light (no Bitcoin), yellow-light (unsolicited purchases allowed), and green-light (recommendations permitted). Independent RIAs are early adopters but often rely on centralized model portfolios that do not yet include Bitcoin ETFs. The year 2025 is pivotal, as it will provide compliance teams with a full year of daily NAV history, potentially leading to increased adoption. The next Form 13F reporting deadline in August 2025 is expected to show more RIAs purchasing Bitcoin for clients. If compliance barriers lower, advisers could recommend Bitcoin, leading to substantial inflows. Current Bitcoin price is $108,250.
