How crypto's recent volatility impacts ETF investors, according to Bitwise CIO and GraniteShares CEO

• Crypto assets under management in ETFs fell to $130 billion, but most of this is due to price depreciation, not ETF investor outflows.
• Financial advisors are 'buying the dip' in crypto ETFs, while hedge funds and traders are responsible for most outflows.
• ETFs are seen as providing a stabilizing force for Bitcoin's price, preventing a deeper 'crypto winter' compared to previous cycles.
• Future ETF innovation is focused on 'retailization of institutional strategies,' including options-based yield products and diversified crypto index funds.
• Major wirehouses clearing crypto product exposure for financial advisors is a positive development for future flows.

The discussion centers on the recent crypto market volatility and its impact on ETF investors. While crypto prices have seen significant declines, ETF investors, particularly financial advisors, are showing resilience and even 'buying the dip.' The conversation also highlights the ongoing innovation in the ETF space, including options-based strategies and diversified crypto index funds, as key growth drivers for the industry.