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According to surveys of financial advisors, only 12% are currently recommending that clients invest in Bitcoin, while 47% of advisors personally own Bitcoin and a whopping 77% say they are waiting for a spot Bitcoin ETF to become available so they can offer it to their clients.\xa0\n\nOn this episode of Unchained, Ric Edelman, founder of the Digital Assets Council of Financial Professionals and author of \u201cThe Truth About Crypto,\u201d explains how this should all lead to high demand once the first spot Bitcoin ETFs become available, although it will take some time for them to allocate. Edelman also discusses how FTX\u2019s implosion impacted advisor perceptions of crypto, why investors have not been that excited by crypto futures ETFs, and which Bitcoin ETF issuers he believes are likely to be the big winners.\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nhow regulatory confusion keeps financial advisors away from recommending Bitcoin to their clients\n\nhow the collapse of FTX affected financial advisors\u2019 interest in crypto, according to Ric\n\nhow the knowledge level of financial advisors about Bitcoin is "extraordinarily low"\n\nwhy 77% of investment advisors are willing to buy a spot Bitcoin ETF\n\nwhy there wasn't a huge interest from advisors after the launch of Bitcoin futures ETFs\n\nthe percentage of client portfolios that he expects they will allocate to BTC\n\nwhy Ric thinks there won't be huge inflows immediately after the approval of spot BTC ETFs\n\nhow financial advisors will decide whose ETF to buy, among the 12 potential issuers\n\nwhy he believes spot Ethereum ETFs have great growth potential\n\nwhy he thinks tokenization might be the "next big thing" that will increase institutional activity\n\n\nTake the Unchained 2023 survey!\nUnchained is doing its annual survey. Let us know what we\u2019re doing well, how we can improve, what you\u2019d like to see more of, and generally, how we can serve you better. The survey also helps us find sponsors whose products and services would appeal to you. Plus, participating gives you an opportunity to win Unchained merch! Five randomly selected respondents will receive one free Unchained t-shirt or mug \u2014 your choice. Click here to participate. Thanks so much!\nhttps://www.surveymonkey.com/r/unchained2023\n\nThank you to our sponsors!\n\nLayerZero\n\nPopcorn Network\n\nGuest:\n\n\nRic Edelman, Founder of the Digital Assets Council of Financial Professionals\n\nPrevious appearance on Unchained: Financial Advisors Control $5 Trillion in Investor Wealth. Are They Buying Bitcoin?\n\n\nLinks\nPrevious coverage on spot Bitcoin ETFs:\n\nHow Much Money Will Flow Into Bitcoin ETFs? Here\u2019s One Projection\n\nWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10\n\nWhy It Looks Like BlackRock Could Win America\u2019s First Spot Bitcoin ETF\n\nThe Chopping Block: Are We Back? The 'Low IQ' Response to the Potential Spot Bitcoin ETF\n\n\n\nUnchained:\xa0\n\nBlackRock Files for Spot Ethereum ETF\n\nThe Bitcoin ETF Is a Double-Edged Sword\n\nBitcoin ETFs Explained: What Are They & How Do They Work?\n\nCoinDesk: BlackRock Bitcoin ETF in August Got on DTCC Site That Just Belatedly Moved Markets\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices