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How a Bitcoin ETF Would Protect Crypto Investors: Timothy Massad

July 7, 2021, 10:00 AM

The Securities and Exchange Commission faces an important decision about cryptocurrency: Whether to approve a Bitcoin exchange-traded fund. Although it would be best to see such ETFs approved only after Congress has strengthened crypto regulation generally, the likelihood of that happening in the near future is low. The next best thing, then, is for the SEC to approve an ETF conditionally in a way that would enhance transparency and integrity in the industry.

A Bitcoin ETF would be a way for retail investors to invest in cryptocurrency without having to actually purchase it and deal with the complexities of custody. ...