15,000 brokers to solicit client purchases for Bitcoin exchange-traded funds, according to a recent report by AdvisorHub, which cites two anonymous senior executives. So far, the bank has offered them only on an unsolicited basis, which essentially means that advisors do not explicitly recommend investing in Bitcoin ETF.
Other major players, such as Wells Fargo, remain mum about potential plans to introduce solicited purchases. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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