Wealth administration agency Cetera Monetary Group has introduced a “prudent embracing” of spot bitcoin ETFs in brokerage accounts and academic assets to assist affiliated monetary advisors information purchasers in together with the funds of their funding portfolios.
Cetera mentioned this week it’s among the many first wealth administration corporations to introduce a proper coverage on spot bitcoin ETFs, which have been in excessive demand for the reason that Securities and Alternate Fee accredited them in January.
“As anticipated, we’re prudently embracing bitcoin ETFs and we prioritized creating this essential steering to assist our monetary professionals implement these merchandise in consumer portfolios,” Matt Fries, head of funding merchandise and companion options at Cetera, mentioned.
“At this time’s traders have more and more complicated wants, and our funding merchandise staff is right here to assist our monetary professionals throughout the funding spectrum. We’ll proceed to proactively consider the implications of bitcoin ETFs and associated merchandise and modify our insurance policies accordingly, and we look ahead to partnering with our monetary professionals to undertake bitcoin ETFs when acceptable with their purchasers.”