CNBC: Few signs financial advisors are rushing to buy Bitcoin ETFs

One of the main arguments for Bitcoin ETFs is that financial advisors need regulated funds like them to steer their wealthy clients into Bitcoin. Nearly six months after these ETFs launched, there are few signs that financial advisors are rushing to buy them. Many remain as reluctant about Bitcoin as before. However, that doesn’t mean the ETF is a failed experiment. For one, the Bitcoin ETF has been hailed as one of the most successful ETF launches in history, with BlackRock’s iShares Bitcoin Trust (IBIT) hitting $20 billion in AUM this week, even as financial advisors remain on the sidelines. CNBC spoke to a dozen members of the CNBC Advisory Board to find out why so many financial planners remain negative about Bitcoin and Bitcoin ETFs, and what would cause them to change their tune. It comes down to two main factors: market timing and regulatory compliance. (CNBC)