WisdomTree: Will allocate more financial advisors to its Bitcoin ETF, expecting an increase in fund inflows
According to Blockworks, although WisdomTree lags behind other fund issuers in Bitcoin ETF inflows, executives say that as more financial advisors allocate to such products, they expect an increase in their Bitcoin ETF inflows.
The company's Chief Operating Officer Jarrett Lilien said: "We are confident in our ability and track record of managing asset growth. It does take time, especially in our model because these products have not yet been offered on many financial platforms, and we hope to see most of our flow on these platforms." Lilien previously stated in an email to Blockworks that the wealth management channel is the "primary distribution channel for its U.S. ETFs," and noted that it will work towards introducing this asset class and new WisdomTree products to partners.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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