Bitcoin ETFs Take Wall Street by Storm With Historic Debut (1)

Wall Street may be divided over crypto’s investment credentials but for Bitcoin brethren Thursday delivered validation: The first US exchange-traded funds investing directly in the largest digital currency finally went live.

It was a much-anticipated debut that came a day after the US Securities and Exchange Commission gave them the green light following a more than decade-long campaign by the digital-asset industry.

The batch of almost a dozen funds — including offerings from investment powerhouses BlackRock Inc. and Fidelity Investments — got off to a strong start, with some $4.6 billion of shares changing hands in a frenetic first day. ...