ESI has now expanded the list of available cryptocurrency-based ETFs and the complete list of approved digital assets ETFs can be found here.
These Digital Assets ETFs are permitted on an unsolicited basis only. Please see this disclosure form here for additional information. Please note that this form is required prior to placing the trade, please allow 2-3 days for processing
When discussing ESI’s position with respect to offering access to crypto-based assets, the following points summarize ESI’s position on cryptocurrency:
- Cryptocurrencies are highly volatile, lack long-term performance history and present a significant level of investor risk.
- Crypto-based products are not based on traditional commodities or tangible assets.
- Valuations are based solely on perceived demand, as reflected by market activity.
- Valuation is vulnerable to manipulation by a small group of investors.
- The underlying holdings of these ETFs remain largely unregulated and lack transparency with respect to fees, risks, and conflicts of interest.
- Crypto-based products are not based on traditional commodities or tangible assets.
ESI continues to monitor the regulatory and industry reaction to these types of products.
For more information, please refer to the recent Field Notice 2025-14.
TC8181439(0725)1
