LPL Financial Reviewing Bitcoin ETFs Before Potentially Offering Clients Access
• LPL Financial, with $1.4 trillion in assets, is assessing new Bitcoin ETFs before allowing access on its platform • After a 3-month review period, LPL will decide which Bitcoin ETFs to offer clients based on durability and investment thesis • Volatility of crypto ETFs and potential for closures is a top concern given prior fund shutdowns • Disparity is growing between top Bitcoin ETFs like BlackRock's $3B fund and smaller ones like WisdomTree's $12M fund • LPL is monitoring how the new Bitcoin ETFs trade and accumulate assets to judge viability of investment thesis over time