Bitcoin exchange-traded funds adoption has been slowed by due diligence processes from large trading platforms.
According to a Feb. 3 report companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the United States, are currently examining the recently approved Bitcoin ETFs to determine whether they will be available for nearly 19,000 independent financial advisers overseeing $1.4 trillion in assets.
Data compiled shows that 253 ETFs closed down in 2023 with an average amount of assets of $34 million. The list includes crypto-tied products, such as VanEck Digital Assets Mining ETF (DAM) and the Volt Crypto Industry Revolution.#HotTopicDiscussion #ContentStar #NewYear2024
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Bitcoin exchange-traded funds adoption has been slowed by due diligence processes from large trading platforms.
According to a Feb. 3 report companies such as LPL Financial Holdings, one of the largest independent broker-dealers in the United States, are currently examining the recently approved Bitcoin ETFs to determine whether they will be available for nearly 19,000 independent financial advisers overseeing $1.4 trillion in assets.
Data compiled shows that 253 ETFs closed down in 2023 with an average amount of assets of $34 million. The list includes crypto-tied products, such as VanEck Digital Assets Mining ETF (DAM) and the Volt Crypto Industry Revolution.#HotTopicDiscussion #ContentStar #NewYear2024