Summary
The next three months will be crucial in determining which new spot-Bitcoin exchange-traded funds (ETFs) will be added to LPL Financial’s trading platforms. LPL Financial, which oversees over a trillion dollars in capital, wants to ensure that the new funds are reliable and will not face the same fate as past ETF closures.
Key Points
1. Gary Gensler’s ETF approval was the first step towards making crypto investing more accessible to the general public.
2. Rob Pettman, an executive at LPL Financial, holds a significant role in deciding whether the new spot-Bitcoin exchange-traded funds should be added to their trading platforms.
3. The next three months are crucial for determining which of the new funds will be offered to LPL Financial’s clients, with past ETF closures being a concern.