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Stock impact report

Financial advisers seek guidance on recommending bitcoin ETFs [FT.com - Mergermarket]

Envestnet, Inc (ENV) 
Last envestnet, inc earnings: 2/20 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.envestnet.com/investor-overview
Will SchmittJump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.Now that exchange traded funds holding actual bitcoin — rather than futures contracts — have finally been given the go-ahead, a new process has begun: winning over the due diligence experts used by client-facing financial advisers.The first ten of these new ‘spot’ bitcoin ETFs have already made an impact, attractinginflows of more than $7bnOne analyst coined the term “Cointucky Derby” to describe how the new ETFs shot out of the gate once the Securities and Exchange Commission reluctantly fired its regulatory starting gun, early in the new year.But most of the ETF providers attracting these inflows — even early winners such as BlackRock and Fidelity — have yet to make much money on their products, as they have cut fees for early investors to nothing, or nearly nothing. Higher fee levels are set to kick in several months down the li Show less Read more
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