This article from Wall Street Journal is written by Jason Zweig
Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too.
This week, the first cryptocurrency-focused exchange-traded fund in the U.S., ProShares Bitcoin Strategy ETF, raised $1.1 billion in its first two days of trading. Advisers who want to buy bitcoin directly for clients have to clear some onerous regulatory hurdles first; in comparison, buying a bitcoin-related ETF is as easy as breathing.
That could give some financial professionals the entree into crypto they have long craved. If you’ve been suffering from FOMO lately, just imagine their fear of missing out.
