4 Bitcoin ETFs Get Nod From $190 Billion Wealth Manager
Summary
Cetera Financial Group endorses four Bitcoin Exchange-Traded Funds (ETFs) for its financial professionals to include in client portfolios. The move reflects a growing acceptance of BTC as a legitimate investment. The approved ETFs are managed by Invesco, Franklin, Fidelity, and BlackRock. Cetera's decision aligns with a trend among wealth management firms to incorporate digital assets. Notably, Cetera did not approve Grayscale Bitcoin Trust ETF due to its higher fee structure. The market has seen a surge in BTC ETF popularity, with Cetera's move expected to prompt more wealth managers and investment platforms to follow suit. Last month, Carson Group also greenlighted the use of four spot BTC ETFs.
