Carson Group Approves Four Bitcoin ETFs for Users
Carson Group, a registered investment advisor (RIA) platform managing $30 billion in assets, has chosen four spot Bitcoin exchange-traded funds (ETFs) for its users. The selection includes BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), Bitwise’s BITB, and Franklin Templeton’s EZBC. The decision was based on the funds’ significant asset growth and popularity, as well as their low planned fees. Carson Group believes that offering these products from two of the largest asset managers in the industry is essential.
Carson Group’s Selected Bitcoin ETFs
- BlackRock’s iShares Bitcoin Trust (IBIT)
- Fidelity’s Wise Origin Bitcoin Fund (FBTC)
- Bitwise’s BITB
- Franklin Templeton’s EZBC
The platform prioritized funds that have demonstrated outstanding growth and popularity:
Grant Engelbart, Vice President and Investment Strategist at Carson Group, explained that significant asset growth was a key factor for including BlackRock’s and Fidelity’s Bitcoin ETFs in the platform’s offerings. He emphasized the importance of offering products from two of the largest asset managers in the industry. As for Bitwise and Franklin Templeton, their products were selected due to their low planned fees and large inflows and trading volumes. Both firms also have established in-house digital asset research teams and expertise.
Platform Approvals and Advisor Endorsements
The success of spot Bitcoin ETFs depends on attracting new investors and increasing inflows to the products. Approvals from platforms and financial advisors can be a significant catalyst for growth. Hunter Horsley, co-founder and CEO of Bitwise, highlighted the importance of platform approvals:
“Over half of US wealth is part of a platform and can only use a product once it’s approved. We frequently hear ‘I want access to Bitcoin but our platform hasn’t approved anything yet.’ The platforms are busy, but now that there are ETFs with over a billion AUM, they’re doing the work.”
Platforms and financial advisors play a crucial role in expanding the reach of Bitcoin ETFs and attracting new investors.
Hot Take: Carson Group’s Strategic Selection
Carson Group’s decision to approve only four Bitcoin ETFs reflects its careful consideration of various factors, including asset growth, popularity, fees, and expertise. By choosing products from reputable asset managers like BlackRock and Fidelity, Carson Group aims to provide its users with trusted investment options in the cryptocurrency market. Additionally, the inclusion of Bitwise and Franklin Templeton’s ETFs demonstrates the platform’s commitment to offering low-cost solutions with established digital asset research teams.
The endorsement from Carson Group is likely to boost the credibility and adoption of these Bitcoin ETFs among retail buyers. As more platforms and financial advisors approve these products, it will become easier for investors to gain exposure to Bitcoin through regulated channels.
Overall, Carson Group’s selection of Bitcoin ETFs showcases its dedication to meeting the evolving needs of its users and providing them with diverse investment opportunities in the growing cryptocurrency market.
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