Regulation· ★★★· neutral·

Bitwise: Five US Wealth Platforms Restrict Bitcoin ETP Access

  • —Five platforms restrict Bitcoin ETP access, including HSBC, T. Rowe Price and American Express
  • —18 platforms allow unsolicited trades only, among them JPMorgan, Goldman Sachs, Citigroup and UBS
  • —Advisors can pitch Bitcoin ETPs at Morgan Stanley, Fidelity, Schwab, BofA, Wells Fargo and Vanguard
  • —US spot Bitcoin ETFs were approved in January 2024
Why it matters: Restrictions on advisor recommendations limit distribution, keeping trillions in client assets largely out of reach for Bitcoin ETPs.
#BTC
Source: Crypto Briefing
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