Crypto News– In what is likely another positive development for the burgeoning spot Bitcoin ETF market, the financial advisor platform Carson Group has given the green light to four of these instruments, as reported by Bloomberg.
Only four Bitcoin ETFs get the nod from a 30-billion Dollars financial advisor platform
The approved spot Bitcoin ETFs, offered by BlackRock, Fidelity, Franklin Templeton, and Bitwise, will now be accessible to financial advisors and their clients through the Carson Group platform. According to Bloomberg, Carson Group is a registered investment advisor (RIA) platform managing $30 billion in assets.
Bloomberg noted, “Access to platforms that cater to financial advisors and their retail clients is of huge consequence to the firms behind the Bitcoin ETFs, who are eager to tap into a new audience.”
BlackRock and Fidelity’s spot Bitcoin ETFs have seen significant capital inflows, leading in popularity. Franklin Templeton recently mentioned to The Block that approvals like the one from Carson Group were on the horizon. However, Carson Group did not approve several spot Bitcoin ETF funds, including the Ark 21Shares Bitcoin ETF, which boasts over $1.5 billion in assets under management, as per data from The Block.
The endorsement from Carson Group could provide a boost to the products offered by Franklin Templeton and Bitwise, which have so far trailed behind the top-performing ETFs. This comes as the total trading volume for spot Bitcoin ETFs surpassed $50 billion this week.
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