Even As Bitcoin Dips, Crypto ETFs Break Down TradFi Barriers
The recent bitcoin sell-off is shining a fresh light on crypto ETFs, and financial advisors are scrambling to stay out of the dark.
While the general financial planning community, along with much of traditional Wall Street, initially held a cautious view of digital currencies, crypto has been gaining momentum ever since the first spot bitcoin ETFs launched in the US nearly two years ago. Today, there are more than 150 crypto-related ETFs across a host of strategies, representing the fastest growing segment of exchange-traded funds.
The iShares Bitcoin Trust ETF (IBIT), by far the largest crypto ETF at nearly $88 billion, is often viewed as a proxy for the state of crypto ETFs. While IBIT dipped slightly this year through the end…
