CoinDesk senior analyst James Van Straten said: Wealth management clients of Wall Street banks such as Goldman Sachs, Bank of America, and Morgan Stanley continued to enter the crypto market through spot bitcoin ETFs in the third quarter, and given the sharp rise in cryptocurrency prices following last week's US Presidential Election, there could be a FOMO surge in the fourth quarter. Analysts said: "The 13F document reflects the slow progress of most institutions in deploying capital and observing trends, and did not actively act ahead of the fourth quarter [the historic bull market]. But with the election of crypto-friendly Donald Trump and the bitcoin breakthrough, I expect wealth managers to do a lot to ensure institutions get at least a 1 per cent allocation."