Bitcoin could experience a positive demand shock in the coming months from new inflows from registered investment advisors, an analyst said.

A positive demand shock refers to a sudden surge in the desire for an asset, such as bitcoin, potentially triggered by substantial inflows of capital into a particular market.

CoinShares Head of Research James Butterfill highlighted a dynamic that could trigger such an event, noting that spot bitcoin exchange-traded funds have not yet been made available to the RIA market."Generally, fund platforms used by RIAs require three months of trading data before they can include newly issued ETFs. Thus, there might be an influx of investments from the RIA market as it becomes accessible," Butterfill said.

He emphasized that currently, only the investment …