The brand new crop of exchange-traded funds providing direct publicity to Bitcoin might have gathered billions in new belongings within the two months since they hit the market, however consultants say that’s not as a result of advisors have instantly jumped on the crypto bandwagon.
Most advisors aren’t permitted to speak to shoppers concerning the so-called spot Bitcoin funds, of which there at the moment are 11, until they ask, in response to Matt Apkarian, an affiliate director with Cerulli & Associates. That’s as a result of many—maybe most—massive wealth administration companies have…
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