Companies such as LPL Financial Holdings are currently conducting due diligence on the newly approved Bitcoin ETFs.
Spot Bitcoin exchange-traded funds (ETFs) adoption has been slowed by due diligence processes from large trading platforms.
According to a Feb. 3 report from Bloomberg, companies such as LPL Financial Holdings — one of the largest independent broker-dealers in the United States — are currently examining the recently approved Bitcoin ETFs to determine whether they will be available for nearly 19,000 independent financial advisers overseeing $1.4 trillion in assets.
“We just want to see how they work in the markets,” said Rob Pettman, vice president of wealth management solutions for LPL Financial.
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Source: https://cointelegraph.com/news/bitcoin-etfs-hype-stalled-due-diligence-bloomberg