$190B wealth manager greenlights 4 bitcoin ETFs for allocators - Blockworks
Powered by @unfolded- Cetera Financial Group has approved four bitcoin ETFs for advisors to implement into client portfolios, and will provide educational training to its financial professionals on the topic.
- The company has approved allocations to BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Franklin Bitcoin ETF, and Invesco Galaxy Bitcoin ETF.
- Cetera chose not to approve the Grayscale Bitcoin Trust ETF due to its higher fee, and also excluded access to the Ark 21Shares Bitcoin ETF and the Bitwise Bitcoin ETF for now.
- Industry watchers predict that more wealth managers and investment platforms are likely to unlock the use of bitcoin ETFs for allocators in the coming months.
https://blockworks.co/news/wealth-manager-bitcoin-etfs-allocators