Bitcoin ETF hype blocked by due diligence: Bloomberg
Businesses such as LPL Financial Assets are Currently conduct due diligence on THE newly approved Bitcoin ETF.
News
Join
We
on
social
networks
Bitcoin exchange traded funds adoption has has been slow motion by due diligence process Since big trade platforms.
According to has A Feb. 3 report Since Bloomberg, companies such as LPL Financial Assets, A of THE the biggest independent broker-dealers In THE United States, are Currently examine THE recently approved Bitcoin AND F has determine if they will be available For almost 19,000 independent financial advisors monitoring $1.4 thousand billion In assets.
"We just to want has see how they work In THE markets”, said Rob Pettman, vice president of wealth management solutions For LPL Financial.
Due diligence East A complete analysis carried out Before A decision East do. He implied thoroughly verification all THE facts, understanding THE risks And opportunities, And ensure that All East as he appears Before invest money Or resources.
LPL Financial plans has complete It is due diligence on Bitcoin AND F In three month. A key indicate below assessment East THE possibility that AND F could be close down if they perform poorly, fail has accumulate significant assets.
"That can be A very negative experience For THE investor, For THE financial advise. It is Also incredibly Dear For A farm as ours operationally has help has facilitate that," Pettman said Bloomberg, add that For LPL, It is important has "TO DO Of course that they [AND F] are sustainable on time, that there East A GOOD investment thesis. It is Ultimately THE position that We Normally come Since When assess these. »
Data compiled by Bloomberg watch that 253 AND F farm down In 2023 with A average Rising of assets of $34 million. THE list understand crypto-linked some products, such as VanEck Digital Assets Mining ETFs (DAM) And THE Volt Cryptocurrency Industry Revolution.
Bloomberg ...
Businesses such as LPL Financial Assets are Currently conduct due diligence on THE newly approved Bitcoin ETF.
News
Join
We
on
social
networks
Bitcoin exchange traded funds adoption has has been slow motion by due diligence process Since big trade platforms.
According to has A Feb. 3 report Since Bloomberg, companies such as LPL Financial Assets, A of THE the biggest independent broker-dealers In THE United States, are Currently examine THE recently approved Bitcoin AND F has determine if they will be available For almost 19,000 independent financial advisors monitoring $1.4 thousand billion In assets.
"We just to want has see how they work In THE markets”, said Rob Pettman, vice president of wealth management solutions For LPL Financial.
Due diligence East A complete analysis carried out Before A decision East do. He implied thoroughly verification all THE facts, understanding THE risks And opportunities, And ensure that All East as he appears Before invest money Or resources.
LPL Financial plans has complete It is due diligence on Bitcoin AND F In three month. A key indicate below assessment East THE possibility that AND F could be close down if they perform poorly, fail has accumulate significant assets.
"That can be A very negative experience For THE investor, For THE financial advise. It is Also incredibly Dear For A farm as ours operationally has help has facilitate that," Pettman said Bloomberg, add that For LPL, It is important has "TO DO Of course that they [AND F] are sustainable on time, that there East A GOOD investment thesis. It is Ultimately THE position that We Normally come Since When assess these. »
Data compiled by Bloomberg watch that 253 AND F farm down In 2023 with A average Rising of assets of $34 million. THE list understand crypto-linked some products, such as VanEck Digital Assets Mining ETFs (DAM) And THE Volt Cryptocurrency Industry Revolution.
Bloomberg ...
What's Your Reaction?
