$190B wealth manager greenlights 4 bitcoin ETFs for allocators

Wealth management firm Cetera Financial Group has approved four bitcoin ETFs for advisers choosing to implement such funds into client portfolios. 

The San Diego-based firm said Thursday it would launch educational training to its financial professionals as they consider allocations to bitcoin ETFs — marking the latest asset manager to make such a move.  

Cetera has so far greenlit adviser allocations to four of the 10 US spot bitcoin ETFs: BlackRock’s iShares Bitcoin Trust (IBIT); the Fidelity Wise Origin Bitcoin Fund (FBTC); the Franklin Bitcoin ETF (EZBC); and the Invesco Galaxy Bitcoin ETF (BTCO).   

The company had $190 billion in assets under management, as of December…

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