Franklin

Bitcoin ETF

Bitcoin

Omaha, Nebraska-based Carson Group is offering four-spot Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) ETFs to its clientele, according <a href="https://www.bloomberg.com/news/articles/2024-02-23/ria-carson-group-greenlights-four-spot-bitcoin-etfs-for-retail-buyers" target="_blank" rel="noopener noreferrer nofollow">to</a> Bloomberg.
The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF in its investment offerings to clients.
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 Carson Group green-lights just 4 bitcoin ETFs. RIA prioritized 'significant asset growth' and trading volume in selecting two of the ETFs, while the other two are among the least expensive offerings, executive says <a href="https://t.co/Ir8UagDYAt" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Ir8UagDYAt</a> <a href="https://twitter.com/hashtag/InvestmentNews?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#InvestmentNews</a> <a href="https://twitter.com/CarsonGroupLLC?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CarsonGroupLLC</a> <a href="https://t.co/NXz1cbps2i" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NXz1cbps2i</a>— InvestmentNews (@investmentnews) <a href="https://twitter.com/investmentnews/status/1761138904877425140?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 23, 2024</a>
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Grant Engelbart, the vice president and investment strategist at Carson Group, delineated the inclusion criteria, pointing out the substantial assets and vigorous trading volumes as key rationales behind choosing the frontrunners, <a href="https://crypto.news/blackrock-spotlights-bitcoin-etf-with-progress-driven-ad-campaign/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> and Fidelity’s products.&nbsp;
The BlackRock iShares Bitcoin Trust (IBIT), with assets of $6.6 billion, and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which commands $4.8 billion, have recently seen a significant inflow from investors. Last week, IBIT attracted inflows worth $1.6 billion, while FBTC, currently ranked number one, drew in $648 million, as more than $2.5 billion flowed into BTC ETFs.
Additionally, cost-efficiency took prime consideration at Carson, with Engelbart spotlighting the allure of the Bitwise Bitcoin ETF and Franklin Bitcoin ETF, which he praised for their competitive fees and respective asset sizes.
You might also like: <a href="https://crypto.news/spot-bitcoin-etf-outflows/" rel="noopener noreferrer nofollow"> Spot Bitcoin ETFs log $35.6m in first single-day outflow since January </a>
The investment strategist also highlighted the importance of in-house digital asset research, a domain where both Bitwise and <a href="https://crypto.news/franklin-templeton-eyes-solana-network-a-prelude-to-a-solana-etf/" target="_blank" rel="noopener noreferrer nofollow">Franklin Templeton</a> have taken initiatives, which Carson Group believes will bolster the ongoing success and oversight of BTC ETFs.&nbsp;
With these offerings, it seems Carson Group is navigating a route towards modern investment solutions, in line with other firms like Fidelity and <a href="https://crypto.news/analysts-expect-charles-schwab-make-bitcoin-etf-play/" target="_blank" rel="noopener noreferrer nofollow">Charles Schwab</a>, which are already facilitating these Bitcoin ETF investments. However, a few holdouts remain, with the likes of Vanguard opting to sideline the trading of such products through its brokerage.
Industry observers are confident that Carson Group can potentially spur the market presence of the lower-performing ETFs from Franklin Templeton and Bitwise, especially with the trade volume for Bitcoin ETFs recently cresting over $50 billion.&nbsp;
Read more: <a href="https://crypto.news/spot-bitcoin-etfs-are-here-whats-next-regulating-defi-opinion/" rel="noopener noreferrer nofollow"> Spot Bitcoin ETFs are here. What’s next? Regulating defi? | Opinion </a>

Carson Group integrates spot Bitcoin ETFs into $30b portfolio

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