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Why Wall Street Is Rushing to Offer Bitcoin ETFs: QuickTake

Oct. 19, 2021, 7:40 PM

Looking for the adrenaline rush of investing in Bitcoin but without the bother of crypto-exchanges and digital wallets? An exchange-traded fund might do the trick. For years U.S. regulators have blocked their development, even as similar products traded in Europe and Canada. But the Securities and Exchange Commission’s worries about volatility, potential manipulation and thin liquidity appear to have faded, in light of a new approach -- and a new SEC chairman. The first ETF tracking Bitcoin futures started trading Oct. 19, in a landmark event for the $6.8 trillion ETF industry and for the world of cryptocurrencies.

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