US Top Brokerage Firm Stalls On Bitcoin Spot ETF Engagement – Here’s Why
Summary
LPL Financial, the largest independent broker-dealer in the US, is delaying its entry into the Bitcoin spot ETF market to assess their performance over a 3-month period. The company is cautious about onboarding ETPs that attract little investment and may shut down, causing losses for investors. Grayscale's GBTC is currently the only Bitcoin spot ETF offering available to LPL customers. Sponsors of Bitcoin spot ETFs are focusing on attracting more investments through low trading fees and promotions on digital platforms.
