Express

Reuters: Wealth Managers are Clamoring for the Approval of Bitcoin ETF

Amy Liu

Summary: Leuthold Group Chief Investment Officer Jim Paulsen told Reuters he is frustrated by not being able to hold bitcoin for his clients. Leuthold Group manages $1 billion but regulatory barriers prevent the firm from holding cryptocurrency. Wealth managers are clamoring for the approval of bitcoin exchange-traded funds (ETFs) that would meet the legal standards required ...

Leuthold Group Chief Investment Officer Jim Paulsen told Reuters he is frustrated by not being able to hold bitcoin for his clients. Leuthold Group manages $1 billion but regulatory barriers prevent the firm from holding cryptocurrency.

Wealth managers are clamoring for the approval of bitcoin exchange-traded funds (ETFs) that would meet the legal standards required of traditional investments, according to Reuters.

“What I like about bitcoin is… its correlation to stocks and other assets is extraordinarily independent,” Paulsen told Reuters.

By Amy Liu

Last Update:

Tags: ,,
Link: Reuters: Wealth Managers are Clamoring for the Approval of Bitcoin ETF   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 1 day ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 13 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 14 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 16 days ago

    • You need to login to comment.