According to Bloomberg, Omaha, Nebraska-based Carson Group is offering a 4-string Bitcoin (BTC) ETF to its clients.
The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and Franklin Bitcoin ETF in the investment products it offers to its clients.
Grant Engelbart, vice president and investment strategist at the Carson Group, explained the inclusion criteria, pointing to significant assets and robust trading volume as key rationales for selecting products from frontrunners BlackRock and Fidelity.
The $6.6 billion-asset BlackRock iShares Bitcoin Trust (IBIT) and the $4.8 billion-asset Fidelity’s Wise Origin Bitcoin Fund (FBTC) have seen significant inflows from investors recently. Last week, IBIT attracted $1.6 billion worth of inflows, while current leader FBTC attracted $648 million, bringing more than $2.5 billion into the BTC ETF.
Cost efficiency was also a top priority for Carson, while Engelbart highlighted the appeal of the Bitwise Bitcoin ETF and Franklin Bitcoin ETF, praising them for their competitive fees and respective asset sizes.
The investment strategist also emphasized the importance of internal digital asset research, an area where Bitwise and Franklin Templeton have taken leadership, which the Carson Group believes will strengthen the continued success and oversight of the BTC ETF.
With these offerings, the Carson Group appears to be charting a path toward modern investment solutions, collaborating with other companies such as Fidelity and Charles Schwab that are already promoting Bitcoin ETF investments. However, some opposition remains, with companies like Vanguard deciding to stop trading these products through brokerages.
Industry observers are confident that the Carson Group could potentially facilitate the entry of underperforming Franklin Templeton and Bitwise into the ETF market, especially given recent Bitcoin ETF trading volumes exceeding $50 billion. .