Reported 1 day ago
Bitcoin ETFs have achieved record inflows of approximately $10 billion in less than a year since their launch, underscoring their growing dominance in the market. J.P. Morgan's Chief ETF Strategist, Jon Maier, emphasizes the 'versatility' of ETF structures, which can incorporate various asset classes into diverse portfolios, making them accessible, liquid, cost-effective, and particularly tax-efficient. This tax efficiency is highlighted as the key factor driving the ETF's rapid adoption in the asset management industry.
Source: YAHOO