Financial giants managing over $10 trillion in client assets may soon introduce Bitcoin ETFs on their platforms, marking a major mainstream exposure for wealth management.
Despite the delay in wirehouses integrating Bitcoin ETFs, the access is considered inevitable, with initial predictions pushed back from mid-2024.
The integration of Bitcoin ETFs by wirehouses could greatly increase accessibility and adoption, as it is compared to placing a product on a mainstream store shelf, potentially driving substantial growth.
As year-end nears, the focus shifts to whether traditional wealth management gatekeepers will embrace crypto-enabled investing, with anticipation high for potential developments.