80% of Bitcoin ETF purchases made by self-directed investors and hedge funds, with financial advisors cautious due to volatility and short track record.
Financial advisors have been slow to adopt Bitcoin ETFs due to concerns over the cryptocurrency's volatile prices and short track record, with 80% of purchases likely made by self-directed investors and hedge funds. BlackRock's Samara Cohen views this cautious approach as necessary for advisors to conduct risk analysis and due diligence, ensuring portfolios align with investors' risk tolerance and liquidity needs.
June 16, 2024
3 Articles