- Carson Group has approved four instruments, likely seen as another boon for the new spot bitcoin ETF market.
- Spot bitcoin ETFs from BlackRock and Fidelity have been among the most popular in terms of capital inflows. Franklin Templeton notes that more approvals of this kind are on the way from Carson Group.
- Products offered by Franklin Templeton and Bitwise have lagged behind the best-performing ETFs so far.
Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.
Carson Group Clients Can Access Spot Bitcoin ETFs
According to Bloomberg, financial advisory platform Carson Group has approved four instruments, likely seen as another boon for the new spot bitcoin ETF market. Spot bitcoin ETFs offered by BlackRock, Fidelity, Franklin Templeton, and Bitwise have been designated as the four products approved by Carson Group, becoming accessible to financial advisors and their clients. According to the report, Carson Group is a registered investment advisory (RIA) platform with over $30 billion in assets under management.
Bloomberg stated, “Access to platforms serving financial advisors and retail clients is of significant importance for firms behind Bitcoin ETFs, as they are eager to reach a new audience.”
Spot bitcoin ETFs from BlackRock and Fidelity have been among the most popular in terms of capital inflows. Franklin Templeton notes that more approvals of this kind are on the way from Carson Group. However, according to data, Carson Group has not approved several spot Bitcoin ETF funds, including Ark 21Shares Bitcoin ETF, which has assets under management of over $1.5 billion.
Volume in Bitcoin ETFs Reaches $50 Billion
Products offered by Franklin Templeton and Bitwise have lagged behind the best-performing ETFs so far, but with Carson Group’s approval, they may gain momentum. This week, the total trading volume for spot bitcoin ETFs surpassed $50 billion.
