According to Cointelegraph: The Carlson Group, a financial services firm, has added four Bitcoin exchange-traded funds (ETFs) to its offering for registered investment advisers (RIAs). The investment firm, which carries a portfolio worth $30 billion, prioritized asset growth, trading volume, and low fees when selecting the ETFS for the listing.
The selected funds come from BlackRock, Fidelity, Bitwise, and Franklin Templeton, according to a Feb. 23 report by Bloomberg. BlackRock's iShares Bitcoin Trust (IBIT) registered an investment of $6.6 billion since its launch on Jan. 11, while Fidelity's Wise Origin Bitcoin Fund (FBTC) saw $4.8 billion inflows. The Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) provide the lowest fees among issuers at 0.2% and 0.19%, respectively.
Grant Engelbart, the vice president and investment strategist at Bloomberg, said, "Bitwise and Franklin Templeton have committed to being the lowest-cost providers in the space, and have also seen large inflows and trading volumes." He praised their established in-house digital asset research teams as a boon to the continuous development of the products and adviser research and education.
The Bitcoin funds are already available for financial advisers at Fidelity and Charles Schwab. However, according to Bloomberg ETF analyst James Seyffart, due diligence from trading platforms like LPL Financial Holdings evaluating the recently approved Bitcoin ETFs might delay the Bitcoin fund's adoption. There's an approved list from which brokers/advisers can choose.
