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With so much interest now in cryptocurrencies, many advisory clients are asking about a Bitcoin exchange-traded fund. After all, investors…
With so much interest now in cryptocurrencies, many advisory clients are asking about a Bitcoin exchange-traded fund.
After all, investors have easy access to ETFs tracking all manner of themes, including cannabis, cloud computing, clean energy, robotics and even pet care.
But no Bitcoin ETF exists at the moment.
That creates challenges for some advisors. Nancy Hetrick, CEO and senior financial advisor at Smarter Financial Solutions in Phoenix, says she is not encouraging clients to invest in Bitcoin now.
“The volatility is far beyond any asset class in a healthy, diversified portfolio,” she says, adding that her clients are wary of the cryptocurrency and prefer to avoid it. “As the digital currency market matures, this may…
