LPL Financial, the largest independent investment advisory service platform in the United States, is currently reviewing the recently approved Bitcoin spot ETF. The platform manages $1.4 trillion in assets. LPL stated that it needs three months to evaluate the new spot ETF.

Rob Pettman, head of LPL Financial's wealth management solution, said, "We want to see how they operate in the market. After the three-month evaluation period, the platform will decide which funds to offer, or whether they need more time to evaluate the ETF."

Currently, financial advisors using LPL can purchase Grayscale GBTC for their clients, as the trust fund can be purchased on the LPL platform before it is converted into an ETF. Nine other funds, including BlackRock's IBIT and Fidelity's FBTC, are currently under evaluation.