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Advisors Could Stoke Huge Flows to Spot Bitcoin ETFs
The recent debut of spot bitcoin ETFs is expected to broaden the audience of cryptocurrency investors, including registered investment advisors (RIAs) and wealth management firms. That could be a boon for the new ETFs, including the VanEck Bitcoin ETF Trust (HODL). HODL already has more than $81 million in assets under management in less than a week of trading. Its peers could benefit from an influx of cash from the advisory community. Many of them have wanted to access crypto on their clients’ behalf. However, they have been unable to do so due to platform and regulatory stipulations. HODL and the other spot ... (full story)