05.31.24

Bitcoin ETFs Aren’t Winning the Hearts and Minds of Financial Advisors

by: Tanaya Macheel

Almost six months after the launch of the first bitcoin exchange-traded funds (ETFs) in the United States, many advisors remain wary. In conversations with a dozen members of CNBC’s Advisor Council, most of the advisors said they’re neither initiating conversations nor fielding client inquiries about the ETFs. Some of the advisors work with younger clients who were already interested and educated in crypto exposure before this year, and the arrival of ETFs hasn’t motivated them to jump in.

Read the full article on CNBC