Bitcoin ETF

Financial advisors are reportedly cautious about Bitcoin ETFs and are adopting them slowly, according to BlackRock

Bitcoin exchange-traded funds (ETFs) debuted in January 2024, yet their adoption by financial advisors has reportedly been sluggish.

Advisors’ hesitations stem from Bitcoin’s price volatility and its relatively brief history. Bitcoin ETFs serve as a conduit between cryptocurrency and conventional finance. According to a BlackRock spokesperson – financial advisors are cautiously, but progressively, embracing the long-anticipated Bitcoin ETFs since their launch.

Currently, it is estimated that approximately 80% of Bitcoin ETF purchases are being made by self-directed investors who decide their own allocation, frequently via an online brokerage account.

Bitcoin one year chart snapshot 18th June 2024 (am)

Bitcoin one year chart snapshot 18th June 2024 (am)

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