Citadel Securities Ready for Crypto ETFs When Regulators Approve

Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if regulators allow it.

“We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the firm can’t provide liquidity until regulatory issues are resolved.

Citadel Securities has grown from a small group built alongside Griffin’s hedge fund to a global trading behemoth not only in US‑listed markets but also international ones, pushing into investment ...