“One thing we’ve heard quite frequently is that clients are approaching and investing in this space away from the advisory relationship, which undermines advisors’ ability to deliver cohesive holistic advice for their clients,” Louvar said. “One way they’re looking to bridge the gap is through regulated products to provide access, like a spot bitcoin ETF, which we’ve seen in foreign markets, but not in the U.S. I’m not sure whether this framework will speed up approval for a spot bitcoin ETF, but hopefully it will help.”
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