- Cetera has published policies and guidance on spot Bitcoin ETFs for professional financial advisors.
- The wealth management firm has selected four spot Bitcoin ETFs for the more than 12,000 financial advisors on its platform.
- Cetera’s picks are BlackRock’s IBIT, Invesco Galaxy’s BTCO, Franklin Templeton’s EZBC, and Fidelity’s FBTC.
Cetera Financial Group, an asset management firm with over $475 billion in assets under management and over $190 billion in assets under management, has approved four spot Bitcoin exchange-traded funds (ETFs) for its platform.
Cetera selects IBIT, FBTC, BTCO and EZBC as advisors.
The company announced Thursday that the new policies and guidelines will help financial professionals provide the best service to clients looking to grow their businesses.
Wealth Hub’s 12,000+ financial advisors can now offer four spot Bitcoin ETFs to their clients. These are Blackrock iShares Bitcoin Trust (IBIT), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and Fidelity Wise Origin Bitcoin Fund (FBTC).
“As expected, we are cautiously embracing Bitcoin ETFs and have prioritized developing important guidance to help financial professionals implement these products in their client portfolios.“Cetera’s head of investment products and partner solutions, Matt Fries, said in a press release.
According to Cetera, the selected ETFs are from providers with a “track record of successfully launching new product strategies.”
These providers have the tools, knowledge, and established resources to stay ahead of other providers.
Cetera will offer financial professional training on spot Bitcoin ETFs on its AdviceWorks portal starting March 25, 2024.