On May 31st, a major argument for bitcoin ETFs is that financial advisors need regulated funds like them to guide their wealthy clients to invest in bitcoin.
Almost six months after these ETFs were launched, there are few signs that financial advisors are scrambling to buy them, and that doesn't mean the ETFs are a failed experiment. For starters, Bitcoin ETFs have been hailed as one of the most successful ETF launches in history, with BlackRock's iShares Bitcoin Trust (IBIT) hitting $20 billion in assets under management this week, even as financial advisors remain on the sidelines.
CNBC: There are few signs that financial advisors are rushing to buy bitcoin ETFs
2024-05-31 14:56:11
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