Cetera Financial Group, an asset management company, has given the green light to 4 different spot Bitcoin exchange-traded funds (ETFs).
Cetera Financial, which has $190 billion worth of assets under management, announced on Thursday, March 14 that it will allow spot Bitcoin ETFs issued by BlackRock (IBIT), Fidelity (FBTC), Invesco (BTCO), and Franklin Templeton (EZBC) to be included in customer portfolios.
It was also emphasized that education on spot Bitcoin ETFs will be provided, and clients interested in investing in this area will be guided by professional advisors.
The company had $190 billion in assets under management as of December 2023.
Matt Fries, President of Cetera Investment Products and Partner Solutions, who commented on the matter, signaled that they will take further steps towards spot Bitcoin ETFs:
We will continue to proactively assess the impacts of Bitcoin ETFs and related products and adapt our policies accordingly, and look forward to partnering with our financial professionals to embrace Bitcoin ETFs when appropriate for our clients.
