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

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 2 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 9 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 11 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 13 days ago

    • You need to login to comment.