Thomas Lee: more than "50% of ETF volume is institutional investors"

07 May, 2019
by Richard Allen
Opinion
Thomas Lee: more than 50% of ETF volume is institutional investors

In response to a tweet made by BloombergTV’s Joe Weisenthal, Fundstrat’s Tom Lee tweeted earlier today that, in his opinion, more than 50% of ETF volume originates from institutional investors.

Co-host of BloombergTV’s What’d You Miss? Joe Weisenthal asked if retail brokers offer Bitcoin trading over time if that essentially makes a Bitcoin ETF obsolete. He argues that the whole appeal of an ETF was that it provided an easy way to buy Bitcoin through a regular brokerage account, but if it’s so easy to buy, a Bitcoin ETF makes about as much sense as a Microsoft ETF.

As such, Lee argues that because the majority of ETF volume originates from institutional investors, it isn’t really geared towards retail investors. Additionally, a Bitcoin ETF is a big deal especially because it simplifies key management for a retail investor.

Gabor Gurbacs, digital asset strategist and director at VanEck responded, providing a list of additional benefits of an ETF:

Others provided similar feedback: 

Hodlonaut, however, took a different approach: 

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Read more about: Bitcoin (BTC) Tom Lee

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