Cetera provides bitcoin ETF clarity with policy for advisors
Advisors affiliated with Cetera now have more clarity on how to deal with bitcoin ETFs. The independent broker-dealer has launched a groundbreaking initiative to integrate bitcoin ETFs into its suite of offerings for financial professionals.
The newly unveiled policy provides a structured approach for the inclusion of bitcoin ETFs in client portfolios, emphasizing a strategic and informed method to cryptocurrency investment within brokerage accounts.
The initiative includes comprehensive education, training, and resources for financial professionals within Cetera’s network who are interested in diversifying clients’ investment portfolios with bitcoin ETFs.
With this latest move, Cetera is positioning itself as one of the first wealth firms to formalize a bitcoin ETF policy for advisors in its enterprise, giving them the chance to strategically grow their business and serve their clients’ best interests amid burgeoning demand for cryptocurrency investments.
“As expected, we are prudently embracing bitcoin ETFs and we prioritized developing this important guidance to help our financial professionals implement these products in client portfolios,” Matt Fries, Cetera’s head of investment products and partner solutions, said in a statement.
“We will continue to proactively evaluate the implications of bitcoin ETFs and related products and modify our policies accordingly, and we look forward to partnering with our financial professionals to adopt bitcoin ETFs when appropriate with their clients,” he said.
Bitcoin ETFs have been an object of curiosity and conversation for the industry since the SEC green-lighted the first spot bitcoin ETF products in the US in January.
In the wake of that decision, firms have entered the space
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