None
EN
Adviser interest grows for crypto ETFs
['Staff Writer']
NEWS
Financial advisers are demonstrating growing interest in crypto ETFs, with momentum pushing assets in these products past $800 million.
Over one year to 31 August, four crypto ETFs have been among the top-performing ETFs, with returns of more than 83 per cent.
These were the Global X 21Shares Bitcoin ETF (83.6 per cent), DigitalX Bitcoin ETF (85 per cent), VanEck Bitcoin ETF (88.9 per cent), and the Monochrome Bitcoin ETF (92.1 per cent).
Global X said: “As regulatory clarity improves and market infrastructure matures, crypto ETFs are likely to remain a key access point for investors seeking diversification, hedging against fiat currency, or asymmetric growth potential.
A lot of crypto natives don’t like the ETFs because it is, like I said, the traditional finance mixed with the decentralised finance, but it’s just an access point.”
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