Carson Group, a major asset manager, is expanding its investment offerings by making four major bitcoin ETFs available to its clients, according to a report from Bloomberg. The selected ETFs are BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF and the Franklin Bitcoin ETF. This move puts Carson Group alongside other major companies such as Fidelity and Charles Schwab, which already offer similar bitcoin ETF investments. However, some companies, such as Vanguard, remain reluctant and have not yet included these products in their offerings.

Carson Group offers bitcoin ETFs

Grant Engelbart, vice president and investment strategist at Carson Group, explained how the selection of these ETFs was made. The firm prioritized funds with significant assets and strong trading volumes, leading to the choice of BlackRock and Fidelity products. Specifically, the BlackRock iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund have attracted significant investor interest, with $1.6 billion and $648 million in inflows last week, respectively. This increase is part of more than $2.5 billion that flowed into BTC ETFs.

Cost efficiency was another important selection criterion. Carson Group saw the Bitwise Bitcoin ETF and Franklin Bitcoin ETF as good options because of their competitive management fee rates. A party like Grayscale. for example, offers high rates of 1.5% management costs. These ETFs, along with Bitwise and Franklin Templeton’s digital asset research initiatives, are seen by Carson Group as critical to the continued success and oversight of BTC ETFs. Engelbart talked about the importance of internal research into digital assets, which is expected to further support the performance and management of these ETFs.

The industry is optimistic about Carson Group’s potential to strengthen the reach of the ETFs offered by Franklin Templeton and Bitwise, especially given the recent increase in trading volume for bitcoin ETFs, which has exceeded $50 billion.


Leave a Reply

Your email address will not be published. Required fields are marked *