Investment Platform Greenlights 4 Spot Bitcoin ETFs, Boosting Crypto Accessibility for Advisors and Clients Investment platform Carson Group, a trusted hub for financial advisors, has given the thumbs up to
four out of the
eleven recently approved U.S. spot bitcoin exchange-traded funds (ETFs). With a staggering
$30 billion in assets under management (AUM) and a network of
150+ partner firms, Carson Group is making waves in the crypto investment space.
Among the chosen few on Carson's platform are heavyweight contenders like Blackrock's Ishares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin Fund (BITB), and Franklin Bitcoin ETF (EZBC). These selections were driven by factors such as
impressive asset growth, robust trading volumes, and competitive
fee structures.
Grant Engelbart, VP and investment strategist at Carson Group, highlighted the significance of partnering with industry giants:
"We feel it is important to offer these products as a result from two of the largest asset managers in the industry." The commitment to low-cost solutions and strong research capabilities further solidified their choices.
For spot bitcoin
ETF issuers eyeing expansion, gaining access to financial advisors and their retail clients through reputable platforms is paramount. While some players like Fidelity and Charles Schwab have already embraced these offerings, others are taking a more cautious approach.
Vanguard, for instance, remains on the sidelines for now. Bitwise CEO Hunter Horsley emphasized the pivotal role of platform approvals in driving spot bitcoin ETF growth. With trillions under their watchful eyes, financial advisors hold immense potential as catalysts. Horsley shared insights from conversations with eager investors: "We frequently hear 'I want access to bitcoin but our platform hasn't approved anything yet.' The platforms are busy, but now they're doing the work."
