RIA Channel reposted this
Galaxy Head of Liquid Active Strategies, Christopher Rhine, CFA, and RIA Channel Managing Director, Keith Black, PhD, CFA, CAIA, FDP, CDAA, discussed the impact of Bitcoin and Ethereum ETFs on financial advising. Over $15 billion flowed into Bitcoin ETFs in the first half of 2024, signaling growing interest. These ETFs simplify how financial advisors can integrate crypto assets into client portfolios. Chris highlighted key differences between Bitcoin and Ethereum, noting that while Bitcoin can act as a store of value, Ethereum offers computing services and operates on a proof-of-stake model. This evolution in digital assets presents new opportunities for advisors to expand their offerings and adapt to the changing investment landscape. Learn More: https://hubs.li/Q02LV7Dz0 #RIA #RIAChannel
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2moI'm curious if storefronts should start accepting crypto as payment or if these digital assets are better left treated purely as investment vehicles like stocks. With the increasing popularity of Bitcoin and Ethereum ETFs, it seems like crypto is gaining mainstream traction, but does it make sense for day-to-day transactions?