Many clients of asset management company Gerber Kawasaki, which manages $2.3 billion in assets, show demand for Bitcoin.
Regarding Gerber Kawasaki’s clients, investment advisor Brett Sifling said: “Many are interested. “I think as long as the risk profile fits, they view it as just another tool in their portfolio management toolbox.” said.
Gerber Kawasaki was recently acquired by BlackRock through its AdvisorShares ETF. iShares Bitcoin Trust (IBIT) worth approximately 28 thousand dollars from his fund bought a thousand shares.
Ross Gerber, one of the founders of the company, about why they chose IBIT, his “more liquidity” and that the fund management fee is is 0.25% told. BlackRock, in terms of fee among the most competitive funds It is located.
In order for the company to invest on larger scales, it must obtain the approval of other organizations.
Sifling, “The custodians we use, like LPL Financial or Charles Schwab, have a from the approval process “It needs to pass.” said.
According to the investment advisor’s statement, LPL continues to evaluate these ETFs in accordance with its own rules. Some of these evaluations to timewhile some total value of assets managed It may be connected.
Sifling says another thing to consider when investing in ETFs is the issuers’ How does it keep the Bitcoins in the fund safe? He stated that it was.