What I find amusing as well as somewhat troubling is how Edward Jones Financial Services firm is handling their clients wanting to invest in Bitcoin, either holding it directly or buying shares of a Bitcoin ETF.


Edward Jones has a policy against clients directly purchasing or holding cryptocurrencies like Bitcoin, including through Bitcoin ETFs and other related investment products.

Edward Jones considers cryptocurrencies like Bitcoin to be highly speculative investments due to their price volatility, lack of underlying fundamentals (like company profits or assets), and regulatory uncertainty. Edward Jones doesn't allow clients to purchase or hold cryptocurrencies, futures contracts on cryptocurrencies, or funds (ETFs/ETNs) that directly own cryptocurrencies.

The firm's rationale emphasizes following time-tested investment principles and focuses on investments with established track records and clear valuations. They also express concerns about the potential for illicit activities involving cryptocurrency.


► https://www.edwardjones.com/sites/default/files/acquiadam/2023-07/bitcoin-cryptocurrencies-and-blockchain-ca.pdf