Advisors ‘wary’ of bitcoin ETFs are on a slow adoption journey, says BlackRock exec
Publishing timestamp: 2024-06-16 09:19:14
Summary
Bitcoin exchange traded funds have been slow to be adopted by financial advisors due to concerns about volatility, short track record, and regulatory compliance. However, some see bitcoin ETFs as a bridge between cryptocurrency and traditional finance, offering a way for investors to allocate to bitcoin without managing risk across different ecosystems. Financial advisors are cautious but gradually moving towards adopting these new products.
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Keywords: markets, breaking news: markets, business news, investment strategy, breaking news: investing, ishares bitcoin trust, bitcoin/usd coin metrics, cryptocurrency, technology,