Carson Group, a registered investment advisor with $30 billion on its platform, has approved four out of the ten newly launched Bitcoin ETFs, according to a recent Bloomberg report. The approved ETFs include BlackRockโs iShares Bitcoin Trust (IBIT), which manages $6.6 billion, and Fidelityโs Wise Origin Bitcoin Fund (FBTC), with $4.8 billion in assets. Smaller offerings from Bitwise and Franklin Templeton have also made the cut.
Grant Engelbart, Vice President and Investment Strategist at Carson Group, stated that the firm prioritized โsignificant asset growthโ and trading volume when selecting IBIT and FBTC. Bitwiseโs $1.2 billion Bitcoin ETF and Franklin Templetonโs $100 million Bitcoin ETFs, which will eventually charge fees of 0.2% and 0.19% respectively, are among the least expensive offerings in the Bitcoin ETF space.
Engelbart highlighted the importance of offering products from two of the largest asset managers in the industry, BlackRock and Fidelity. He also acknowledged Bitwise and Franklin Templeton for committing to being low-cost providers in the space and their notable inflows and trading volumes. Both firms have established โin-houseโ digital asset research teams and expertise, which Carson Group believes will benefit the productsโ growth, management, advisor research, and education.
Bitwise CEO Hunter Horsley believes that the approval of Bitcoin ETFs by platform providers can act as a significant catalyst for fund growth. Financial advisors oversee trillions of dollars in assets, and over half of US wealth is part of a platform that can only access approved products. With the emergence of ETFs and the presence of products with over a billion in assets under management (AUM), financial platforms are now doing the necessary work to evaluate and approve such products.
Carson Groupโs decision to approve four Bitcoin ETFs reflects the growing interest in digital assets within the investment advisory space. The chosen ETFs offer a range of attributes, including significant asset growth, trading volume, competitive fees, and expertise from renowned asset management firms. As financial platforms continue to evaluate and approve such products, it is expected that the accessibility and adoption of Bitcoin ETFs will expand, enabling a broader base of investors to gain exposure to the cryptocurrency market.
๐ Catalysts For Trillions In Assets Under Management?ย
โ The approval of Bitcoin ETFs by platform providers can act as a significant catalyst for fund growth.
โ Financial advisors oversee trillions of dollars in assets, and over half of US wealth is part of a platform that can only access approved products.
โ With the emergence of ETFs and the presence of products with over a billion in AUM, financial platforms are now doing the necessary work to evaluate and approve such products.
๐ผ Carson Group Approves Bitcoin ETFs
โ Carson Group, a registered investment advisor with $30 billion on its platform, has approved four out of the ten newly launched Bitcoin ETFs.
โ The approved ETFs include BlackRockโs iShares Bitcoin Trust (IBIT), which manages $6.6 billion, and Fidelityโs Wise Origin Bitcoin Fund (FBTC), with $4.8 billion in assets.
โ Smaller offerings from Bitwise and Franklin Templeton have also made the cut.
โ Prioritizing Asset Growth and Trading Volume
โ Carson Group prioritized โsignificant asset growthโ and trading volume when selecting IBIT and FBTC.
โ Bitwiseโs $1.2 billion Bitcoin ETF and Franklin Templetonโs $100 million Bitcoin ETFs are among the least expensive offerings in the Bitcoin ETF space.
โ These offerings have committed to being low-cost providers in the space and have seen notable inflows and trading volumes.
๐ฆ Expertise from Renowned Asset Management Firms
โ Offering products from BlackRock and Fidelity, two of the largest asset managers in the industry, is important.
โ Bitwise and Franklin Templeton have established โin-houseโ digital asset research teams and expertise.
โ Carson Group believes that this expertise will benefit the productsโ growth, management, advisor research, and education.
๐ฎ The Future of Bitcoin ETFs
โ Carson Groupโs approval of four Bitcoin ETFs reflects the growing interest in digital assets within the investment advisory space.
โ These ETFs offer significant asset growth, trading volume, competitive fees, and expertise from renowned asset management firms.
โ As financial platforms continue to evaluate and approve such products, it is expected that the accessibility and adoption of Bitcoin ETFs will expand.
According to a recent Bloomberg report, Carson Group has approved four out of the ten newly launched Bitcoin ETFs. The approved ETFs include BlackRockโs iShares Bitcoin Trust (IBIT) and Fidelityโs Wise Origin Bitcoin Fund (FBTC), along with offerings from Bitwise and Franklin Templeton. Carson Group prioritized significant asset growth and trading volume when selecting these ETFs. Bitwiseโs $1.2 billion Bitcoin ETF and Franklin Templetonโs $100 million Bitcoin ETFs are among the least expensive options in the market. Offering products from industry giants like BlackRock and Fidelity was also a key factor in Carson Groupโs decision.
Carson Group believes that these approved Bitcoin ETFs will benefit from the expertise of their respective asset management firms. Both Bitwise and Franklin Templeton have established in-house digital asset research teams, which Carson Group sees as beneficial for the productsโ growth, management, advisor research, and education.
The approval of Bitcoin ETFs by platform providers like Carson Group can act as a catalyst for fund growth. Financial advisors oversee trillions of dollars in assets, with over half of US wealth being part of platforms that only offer approved products. With the emergence of ETFs and the presence of products with billions in assets under management, financial platforms are now evaluating and approving Bitcoin ETFs.
Carson Groupโs decision to approve these Bitcoin ETFs reflects the growing interest in digital assets within the investment advisory space. These ETFs offer significant asset growth, trading volume, competitive fees, and expertise from renowned asset management firms. As more financial platforms evaluate and approve Bitcoin ETFs, it is expected that the accessibility and adoption of these products will expand, allowing a broader base of investors to enter the cryptocurrency market.
๐ฅ Hot Take: Growing Interest in Bitcoin ETFs
The approval of four Bitcoin ETFs by Carson Group highlights the increasing interest in digital assets among investment advisors. With offerings from industry giants like BlackRock and Fidelity, along with lower-cost options from Bitwise and Franklin Templeton, these approved ETFs have the potential for significant growth. Financial advisors oversee trillions of dollars in assets, and the availability of approved Bitcoin ETFs on their platforms can serve as a catalyst for increased adoption. As more financial platforms evaluate and approve such products, it is likely that Bitcoin ETFs will become more accessible to a wider range of investors.
According to a recent Bloomberg report, Carson Group, an Omaha-based registered investment advisor (RIA) with $30 billion on its platform, has approved four out of ten newly launched Bitcoin ETFs. The approved ETFs include BlackRockโs iShares Bitcoin Trust (IBIT), managing $6.6 billion, and Fidelityโs Wise Origin Bitcoin Fund (FBTC), with $4.8 billion in assets. Smaller offerings from Bitwise and Franklin Templeton also made the cut.
Grant Engelbart, Vice President and Investment Strategist at Carson Group, stated that the firm prioritized โsignificant asset growthโ and trading volume when selecting IBIT and FBTC. Meanwhile, Bitwiseโs $1.2 billion Bitcoin ETF and Franklin Templetonโs $100 million Bitcoin ETFs, which will eventually charge fees of 0.2% and 0.19%, respectively, are among the least expensive offerings in the Bitcoin ETF space.
Engelbart highlighted the importance of offering products from two of the largest asset managers in the industry, BlackRock and Fidelity. He acknowledged Bitwise and Franklin Templeton for committing to being low-cost providers in the space and their notable inflows and trading volumes. Both firms also have established in-house digital asset research teams and expertise that Carson Group believes will benefit the productsโ growth, management, advisor research, and education.
Bitwise CEO Hunter Horsley believes that the approval of Bitcoin ETFs by platform providers can act as a significant catalyst for fund growth. Financial advisors oversee trillions of dollars in assets, and over half of US wealth is part of a platform that can only access approved products. With the emergence of ETFs and the presence of products with over a billion in assets under management (AUM), financial platforms are now doing the necessary work to evaluate and approve such products.
Carson Groupโs decision to approve four Bitcoin ETFs reflects the growing interest in digital assets within the investment advisory space. The chosen ETFs offer a range of attributes, including significant asset growth, trading volume, competitive fees, and expertise from renowned asset management firms. As financial platforms continue to evaluate and approve such products, it is expected that the accessibility and adoption of Bitcoin ETFs will expand, enabling a broader base of investors to gain exposure to the cryptocurrency market.
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