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Advisors Limiting Access to Spot Bitcoin ETFs
Carson Group’s decision to limit financial advisor and investor access to four of the 10 new spot bitcoin ETFs is described by one of the biggest cryptocurrency proponents as a responsible strategy in light of the funds' brief track record and inherent risks. “This is a common approach among RIAs, and a smart one,” said Ric Edelman, founder of the Digital Assets Council of Financial Professionals. Carson Group, a $30 billion mega registered investment advisory firm based in Omaha, Nebraska, narrowed the list of spot bitcoin ETFs for use by the firm’s advisors by weighing asset growth, trading volume and fees. ... (full story)