Why Your Adviser Might Start Talking Up Bitcoin
- Date: 22-Oct-2021
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Why Your Adviser Might Start Talking Up Bitcoin
Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too.
This week, the first cryptocurrency-focused exchange-traded fund in the U.S., ProShares Bitcoin Strategy ETF, raised $1.1 billion in its first two days of trading. Advisers who want to buy bitcoin directly for clients have to clear some onerous regulatory hurdles first; in comparison, buying a bitcoin-related ETF is as easy as breathing.
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