Financial Services Firm Carlson Group Adds 4 Bitcoin ETFs
According to reports, financial services firm Carlson Group has recently expanded its offerings for registered investment advisers (RIAs) by adding four out of the ten available Bitcoin exchange-traded funds (ETFs).
The firm, which is currently valued at $30 billion, prioritized growth of assets, trading volume, and low fees as key factors in the selection process of funds from BlackRock, Fidelity, Bitwise, and Franklin Templeton.
As of Feb. 23, the total investments for the selected funds have reached $6.6 billion for BlackRock’s iShares Bitcoin Trust (IBIT) and $4.8 billion for Fidelity’s Wise Origin Bitcoin Fund (FBTC).
Among the available options, the Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) were chosen for having the lowest fees of 0.2% and 0.19% respectively.
Grant Engelbart, vice president and investment strategist of the Carlson Group, stated to Bloomberg that both Bitwise and Franklin Templeton have stood out as they have committed to being the most cost-efficient providers in the industry, while also showing significant inflows and trading volumes.
