Franklin Bitcoin ETF (EZBC)

As Bitcoin's finite supply comes under more demand, spot Bitcoin ETFs open the door for hopeful millionaires.

Crypto-market participants have been hoping that the recent launch of spot bitcoin exchange-traded funds will draw financial advisers — who oversee trillions of dollars in client assets — into the space.

Wall Street was mixed last week. The Nasdaq and the S&P 500 hit a new all-time high on the artificial intelligence boom and the Fed rate cut bets.

Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg’s senior ETF analyst Eric Balchunas at market close Thursday. “Easily the biggest Day One splash in ETF history,” the analyst wrote on social media platform X. HOME STRETCH: $IBIT has just p...