Carson Group integrates spot Bitcoin ETFs into $30b portfolio

Omaha, Nebraska-based Carson Group is offering four-spot Bitcoin (BTC) ETFs to its clientele, according to Bloomberg.

The investment firm has included top candidates such as BlackRock’s iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise Bitcoin ETF, and the Franklin Bitcoin ETF in its investment offerings to clients.

Grant Engelbart, the vice president and investment strategist at Carson Group, delineated the inclusion criteria, pointing out the substantial assets and vigorous trading volumes as key rationales behind choosing the frontrunners, BlackRock and Fidelity’s products. 

The BlackRock iShares Bitcoin Trust (IBIT), with assets of $6.6 billion, and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which commands $4.8 billion, have recently seen a significant inflow from investors. Last week, IBIT attracted inflows worth $1.6 billion, while FBTC, currently ranked number one, drew in $648 million, as more than $2.5 billion flowed into BTC ETFs.

Additionally, cost-efficiency took prime consideration at Carson, with Engelbart spotlighting the allure of the Bitwise Bitcoin ETF and Franklin Bitcoin ETF, which he praised for their competitive fees and respective asset sizes.

The investment strategist also highlighted the importance of in-house digital asset research, a domain where both Bitwise and Franklin Templeton have taken initiatives, which Carson Group believes will bolster the ongoing success and oversight of BTC ETFs. 

With these offerings, it seems Carson Group is navigating a route towards modern investment solutions, in line with other firms like Fidelity and Charles Schwab, which are already facilitating these Bitcoin ETF investments. However, a few holdouts remain, with the likes of Vanguard opting to sideline the trading of such products through its brokerage.

Industry observers are confident that Carson Group can potentially spur the market presence of the lower-performing ETFs from Franklin Templeton and Bitwise, especially with the trade volume for Bitcoin ETFs recently cresting over $50 billion.