- Carson Group has offered four spot Bitcoin ETFs for its clients.
- The Group gave a GreenLight to BlackRock, Fidelity, Bitwise, and Franklin ETFs.
- The $30B RIA selected the ETFs based on asset growth, volume, and cost.
According to reports, Carson Group, a US-based registered investment advisor (RIA) with a $30 billion volume on its platform, has offered four spot Bitcoin ETFs for its clients. Out of the recently approved ETFs, the group gave a GreenLight to BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF.
Commenting on the recent ETF approval for clients, Carson Group’s vice president and investment strategist, Grant Engelbart, highlighted the criteria for selecting those four products. Engelbart explained that the group picked BlackRock and Fidelity based on their “significant asset growth” and trade volume. Meanwhile, Carson Group selected Bitwise and Franklin Templeton for providing the lowest-cost products among the approved Bitcoin ETFs.
Engelbart further explained that the firm felt it was crucial to offer products from the two largest asset managers in the sector. He also noted that Carson Group prioritized the cost-effectiveness of offerings. The firm acknowledged the appeal of the $1.2 billion Bitwise Bitcoin ETF and the $100 million Franklin Bitcoin ETF, which boasts relatively low fees.
The investment strategist gave further reasons for his company’s decision, including establishing in-house digital asset research teams by Bitwise and Franklin. According to him, Carson Group feels such developments benefit the continued growth and management of the ETF products.
Reportedly, ETF approvals like the recent one by Carson Group can catalyze fund growth. Many consider it a significant channel for spot Bitcoin issuers aiming to tap into new markets. With the recent approval, many believe Carson Group has placed itself as a forerunner in the financial advisory space.
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