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

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.