Oh, it absolutely has. I talked to quite a few wealth managers, including some financial advisors who serve both normal retail and high net worth clients and what I found is that there was a lot of institutional resistance to bitcoin before the ETFs because it wasn't a "approved product by the SEC".

Now with the advent of the ETFS, the view towards bitcoin has changed quite a bit and it has seen as much more investable and a good alternative as a store of value.

The issue still remains that bitcoin is largely seen as a risk asset. Essentially most wealth managers think that it's a levered version of the NASDAQ or SPY, and so they might be willing to throw some money into it, but their view is that once we enter an economic crisis, bitcoin will collapse in value. I think the real red pill remains to be seen which is where tradfi realizes that bitcoin is both a risk on and risk off asset, basically it goes up, no matter what. That's when we get real FOMO...