Summary
- Even after 1 year and 6 months since the launch of the Bitcoin (BTC) spot ETF, financial advisors are reported to still be showing a cautious attitude.
- It was stated that most financial advisors are not recommending the inclusion of BTC or other virtual assets in their clients' portfolios.
- Ongoing concerns about high volatility, energy consumption, and the potential for criminal misuse continue to be the main factors making it difficult to recommend investments.
According to CoinDesk, a media platform specializing in cryptocurrencies, on the 11th (local time), although 1 year and 6 months have passed since the launch of the Bitcoin (BTC) spot exchange-traded fund (ETF), financial advisors are still hesitant to recommend virtual asset investments to their clients.
Gary O'Shea, Head of Global Market Analysis at Hashdex, a virtual asset management company, explained, "Most financial advisors are not recommending their clients to include BTC or other virtual assets in their portfolios."
He added, "Some advisors are actively considering and recommending virtual asset investments, but this is extremely limited," and "there are still significant concerns about high volatility, energy consumption, and the potential for criminal misuse."
JH Kim
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