The regulatory talk and the launch of bitcoin and ether funds have sparked discussions about the potential for bitcoin exchange-traded funds (ETFs). There was an expectation that the funds would attract "boomers," but it has been found that a significant portion of the investments in these funds has come from existing digital wallets. Wealth managers are cautious about recommending bitcoin ETFs due to limited trading data and the market's volatility. Hedge funds are more actively involved in bitcoin ETFs, executing basis trades to profit from price differences. The spot ether ETFs have seen lower flows compared to bitcoin funds, partially due to the summer "doldrums" and the inability to stake the ETH held by the ETFs. Meanwhile, MicroStrategy announced plans to launch a bitcoin bank, contributing to a surge in their stock price.



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