Investment advisors become major holders of spot bitcoin ETFs, demand for Ether ETFs rises, and institutional participation in US spot cryptocurrency exchange-traded funds (ETF) is very strong, according to recent SEC (SEC) filings, Investment advisors dominate. Investment advisors now hold more than $10.28 billion in spot Bitcoin BTC ETF assets, equivalent to 124,753 BTC. Investment advisors hold nearly half of the total amount of crypto assets declared by various funds. Hedge fund managers second hold $6.9 billion worth of BTC ETFs, or nearly 83,934 BTC, followed by brokerage firms and holding companies. These figures, highlighted by Bloomberg ETF analyst Eric Balchunas, underscore that advisors have made a significant jump to "the number one position that is well ahead." Balchunas estimates that the submitters of the 13F report currently account for about 20% of total spot Bitcoin ETF assets, a figure that could grow to 35%–40% once the product is accepted by traditional finance. There is a similar trend with ETH, the Ether coin. According to Bloomberg ETF analyst James Seyffart, advisors lead with an exposure of $582 million, equivalent to 320,089 ETH, while hedge funds hold $244 million, or 134,469 ETH. The total institutional exposure to ETH ETFs currently exceeds $1.06 billion, or 587,348 ETH. Despite being less influential than Bitcoin, this suggests that interest in diversifying cryptoasset exposure is on the rise.