ChainCatcher news, according to The Block, investment advisory platform Path Digital Advisors has chosen cryptocurrency exchange Gemini as the custodian for its new automated cryptocurrency portfolio.It is reported that Path's new application features a custodial portfolio function, allowing clients to trade assets and access robo-advisory services, customizing their investments based on user goals and risk tolerance.

ChainCatcher news, the Pando Blockchain-themed ETF listed on the Hong Kong Stock Exchange announced that it will appoint China Merchants Securities Asset Management (Hong Kong) Co., Ltd. as the investment advisor to provide investment management and consulting services for the sub-fund's investments in the mainland China and Hong Kong markets.In addition, due to this appointment of the investment advisor, the Pando Blockchain-themed ETF will be renamed "Pando CMS Blockchain ETF," and the English name will change from "Pando Blockchain ETF" to "Pando CMS Blockchain ETF," while the abbreviation will remain unchanged.

ChainCatcher news, according to Blockworks, wealth management firm Cetera Financial Group has approved four Bitcoin ETFs for advisors to consider incorporating these funds into client portfolios.The San Diego-based company stated that it will launch educational training on Thursday to provide its financial professionals with education on considering the inclusion of Bitcoin ETFs in portfolios. This marks the latest initiative taken by an asset management company in this direction.As of December 2023, Cetera's assets under management reached $190 billion. Cetera has currently approved advisors to incorporate four of the ten U.S. spot Bitcoin ETFs into their portfolios: BlackRock's IBIT, Fidelity's FBTC, Franklin Templeton's EZBC, and the BTCO launched jointly by Invesco and Galaxy.

ChainCatcher news, according to Bloomberg, the registered investment advisory firm Carson Group stated that it has only approved 4 out of 10 new Bitcoin ETFs. These include BlackRock's $6.6 billion iShares Bitcoin Trust (ticker: IBIT) and Fidelity's $4.8 billion Wise Origin Fund (FBTC), which are currently the most popular products among investors, along with smaller offerings from Bitwise and Franklin Templeton.It is reported that Carson Group is a registered investment advisory firm based in Omaha, Nebraska, with $30 billion in assets on its platform.

ChainCatcher news, according to The Block, crypto bank Anchorage Digital has partnered with Eaglebrook Advisors and Onramp Invest to provide independent managed accounts for registered investment advisors. The new custody and trading independent managed accounts (SMA) offer custody and settlement services for registered investment advisors, with a focus on security and compliance.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) stated in a new announcement that it recommends brokers and investment advisors to enhance their scrutiny when recommending cryptocurrencies to ensure that risky products align with the best interests of their clients.According to the SEC's guidance, "certain products are more complex or have additional risk characteristics that may make it more difficult for financial professionals to understand." "Crypto asset securities" fall into this category. Therefore, when brokers or advisors discuss cryptocurrencies with clients, they must ensure that clients understand these products, and the recommended crypto products should be suitable for the clients' specific financial situations. (source link)

Chain Catcher news, investment advisory giant ARK Investment Management LLC announced the launch of a new fund, the ARK Venture Fund, which is a regulated public fund and will be available on the investment platform Titan, with a minimum investment of only $500, allowing any individual investor in the U.S. to participate without qualification or certification thresholds.According to reports, the ARK Venture Fund stated in its prospectus that the fund can gain indirect exposure to cryptocurrencies by investing in privately offered open-ended investment vehicles, such as the Grayscale Bitcoin Trust product GBTC. (Source link)

ChainCatcher News, cryptocurrency custody company BitGo has announced the launch of a wealth management platform that will allow registered investment advisors (RIA) and broker-dealers to access digital assets with the highest compliance and security directly and easily.It is reported that the wealth management platform integrates with traditional portfolio management systems such as Orion, InvestCloud, and Black Diamond, allowing users to customize layouts, add custom indices, rebalance portfolios, and automate reporting to ensure the smooth integration of digital assets into any portfolio. (Source link)