The income fund will be distributed through Ares Wealth Management Solutions, the parent’s retail business, and sold through registered investment advisers and financial advisors in the US.
The $71 million iPath Series B Bloomberg Copper Subindex Total Return ETN (JJC) is the largest of the notes being closed, which hold around $533 million assets in total.
More than a quarter of advisors, including a third of wirehouse advisors, believe cryptocurrencies will collapse on a more spectacular scale in 2023 than the FTX-led plunge in 2022, according to a new survey.
The private market investment group's advisory council includes well-known figures like Luminary CEO David Barnard, Ritholtz Wealth Management's Michael Batnick and AdvicePeriod CEO Steve Lockshin.
Cryptocurrencies have staged a comeback from last year’s doldrums, with Bitcoin almost doubling to break above $30,000 this week from around $16,600 at the start of 2023.