Bitcoin ETFs Introduced to Financial Advisors!

The Carlson Group has expanded its Bitcoin ETFs for financial advisors by adding four new funds from BlackRock, Fidelity, Bitwise, and Franklin Templeton. The lowest cost funds among these were the Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC).

The iShares Bitcoin Trust by BlackRock (IBIT) has drawn in $6.6 billion since 11th January, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) has attracted interest with an entry of $4.8 billion.

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Platforms playing a significant role in introducing crypto products for financial advisors are evaluating approved Bitcoin ETFs. If approved, these ETFs could be used by more than 19,000 independent financial advisors managing assets worth 1.4 trillion dollars.

However, according to Bloomberg ETF analyst James Seyffart, restrictions on trading platforms could delay the adoption of Bitcoin funds. Seyffart pointed out that large institutions not being able to purchase the assets they want through these platforms is a significant factor.

The new ETFs by Carlson Group aim to offer financial advisors a broader range by boosting interest in crypto assets.

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