#比特币 One of the main cases for ETFs is that financial advisors need them to guide clients into investing in cryptocurrencies. For nearly six months, advisors have been left without them. $BTC
We surveyed the CNBC Advisory Board to find out why — and for many, it comes down to market timing and regulation.
Advisors who never liked the high-risk and speculative nature of bitcoin remain averse to cryptocurrencies, but others are preparing to make recommendations one day, which some call inevitable.
Lee Baker, founder and president of Apex Financial Services in Atlanta, said in an interview: "I'm looking into it because I think I'll recommend it eventually, I'm just not ready yet. For myself and other advisors, if we have more history, the likelihood that it will eventually enter the client portfolio will increase." CNBC spoke with more than a dozen members of the advisory board, including Baker, to find out why so many financial planners are still negative about Bitcoin and Bitcoin ETFs, and what factors might make them change their stance. This mainly comes down to two reasons: market time and compliance regulation.
Most advisors said they neither proactively communicated with clients nor responded to clients’ questions about #ETF✅ , while others — typically those with an older, more traditional and conservative client base — were more reticent. Some of these advisors work with younger clients who have a greater tolerance for risk and longer investment horizons. They said their clients were already interested and knowledgeable about cryptocurrency investing before this year, and the emergence of #ETF did not inspire them to participate.
