EPISODE · Mar 23, 2021 · 1H 6M
Financial Advisors Control $5 Trillion in Investor Wealth. Are They Buying Bitcoin? - Ep.222
from Unchained · host Laura Shin
Ric Edelman, founder of Edelman Financial Engines, and Matthew Kolesky, president at Arbor Capital, discuss the state of Bitcoin adoption amongst financial advisors, who control $5 trillion in investor wealth. In this episode, they talk about: their background and why they got into crypto (1:25) how most RIAs (registered investment advisors) view digital assets and the hassle of buying crypto on a client’s behalf (8:59) what percentage of financial advisors have already invested in bitcoin and how many more will come into the space by next year (18:20) how RIADAC -- the RIA Digital Assets Council -- is educating financial advisors about crypto (21:59) their favorite methods to explain Bitcoin and other digital assets (25:22) the different ways financial advisors are getting bitcoin/crypto exposure for their clients (35:32) why RIAs use investment vehicles to purchase Bitcoin rather than spot-buying the actual asset (39:58) why GBTC is trading at a deficit to the bitcoin price and their thoughts on a bitcoin ETF (44:40) the percent allocation to crypto they feel comfortable with for their clients (54:26) how they rebalance crypto holdings, whether they use yield-bearing crypto products yet, and projections for 2021 (57:35) Thank you to our sponsors! Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 Indexed Finance: https://indexed.finance/ Episode links: Ric Edelman Twitter: https://twitter.com/ricedelman?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor RIADAC: https://riadac.com/ Matt Kolesky Twitter: https://twitter.com/mkolesky Arbor Capital: https://www.acminc.com/ + https://digital.arbor.capital/ Helpful Links: Bitwise ETF Trends + Survey of Financial Advisors https://static.bitwiseinvestments.com/Research/Bitwise-2021-Benchmark-Survey-Financial-Advisor-Attitudes-Toward-Cryptoassets.pdf Fidelity’s Bitcoin Investment Thesis https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdf RIADAC’s 12 Predictions for 2021 https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/ RIADAC 1% Allocation strategy https://riadac.com/digital-assets-are-now-mainstream/its-still-early-with-tremendous-upside-potential/ Arbor Capital’s “True Digital Asset SMA” https://www.prnewswire.com/news-releases/arbor-digital-and-blockchange-partner-on-digital-asset-sma-for-registered-investment-advisors-301219459.html Grayscale BTC Premium Flips Negative https://www.coindesk.com/grayscale-negative-premium-bitcoin Blockchange https://blockchange.ai/ Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Ric Edelman, founder of Edelman Financial Engines, and Matthew Kolesky, president at Arbor Capital, discuss the state of Bitcoin adoption amongst financial advisors, who control $5 trillion in investor wealth. In this episode, they talk about: their background and why they got into crypto (1:25) how most RIAs (registered investment advisors) view digital assets and the hassle of buying crypto on a client’s behalf (8:59) what percentage of financial advisors have already invested in bitcoin and how many more will come into the space by next year (18:20) how RIADAC -- the RIA Digital Assets Council -- is educating financial advisors about crypto (21:59) their favorite methods to explain Bitcoin and other digital assets (25:22) the different ways financial advisors are getting bitcoin/crypto exposure for their clients (35:32) why RIAs use investment vehicles to purchase Bitcoin rather than spot-buying the actual asset (39:58) why GBTC is trading at a deficit to the bitcoin price and their thoughts on a bitcoin ETF (44:40) the percent allocation to crypto they feel comfortable with for their clients (54:26) how they rebalance crypto holdings, whether they use yield-bearing crypto products yet, and projections for 2021 (57:35) Thank you to our sponsors! Download the Crypto.com app and get $25 with the code “Laura”: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 Indexed Finance: https://indexed.finance/ Episode links: Ric Edelman Twitter: https://twitter.com/ricedelman?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor RIADAC: https://riadac.com/ Matt Kolesky Twitter: https://twitter.com/mkolesky Arbor Capital: https://www.acminc.com/ + https://digital.arbor.capital/ Helpful Links: Bitwise ETF Trends + Survey of Financial Advisors https://static.bitwiseinvestments.com/Research/Bitwise-2021-Benchmark-Survey-Financial-Advisor-Attitudes-Toward-Cryptoassets.pdf Fidelity’s Bitcoin Investment Thesis https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-alternative-investment.pdf RIADAC’s 12 Predictions for 2021 https://www.thinkadvisor.com/2021/01/07/ric-edelman-12-predictions-for-bitcoin-other-cryptos-in-2021/ RIADAC 1% Allocation strategy https://riadac.com/digital-assets-are-now-mainstream/its-still-early-with-tremendous-upside-potential/ Arbor Capital’s “True Digital Asset SMA” https://www.prnewswire.com/news-releases/arbor-digital-and-blockchange-partner-on-digital-asset-sma-for-registered-investment-advisors-301219459.html Grayscale BTC Premium Flips Negative https://www.coindesk.com/grayscale-negative-premium-bitcoin Blockchange https://blockchange.ai/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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Financial Advisors Control $5 Trillion in Investor Wealth. Are They Buying Bitcoin? - Ep.222
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