**Cryptocurrency and DeFi News**
- **Cryptocurrency Growth for Asset Managers**
Cryptocurrency is becoming an important growth driver for asset managers. With the approval of Bitcoin and Ethereum spot ETFs, interest in cryptocurrencies is growing among clients. This helps retain clients and attract new ones.
- **Spot ETFs and SMAs**
Spot ETFs simplify access to cryptocurrencies, while crypto SMAs offer direct ownership of assets with professional management. This provides flexibility and tax efficiency for clients.
- **Regulatory Environment**
Despite regulatory uncertainty, the approval of Bitcoin and Ethereum spot ETFs confirms their status as commodities, which facilitates institutional adoption.
- **Cryptocurrency Interest Among Younger Generations**
As wealth shifts from boomers to millennials, interest in direct ownership of cryptocurrencies is expected to increase.
- **Advice for Advisors**
It is recommended to focus on education and understanding of cryptocurrency products to meet the growing demand of clients.
- **Market News**
Visa Announces Asset Tokenization Platform for Banks.Bitcoin posted its best performance in September, which has traditionally been a weak month.
