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BofA Slams Bitcoin: Impractical As A Store Of Wealth Or Payments Mechanism
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($BTC), (GBTC) - BofA Slams Bitcoin: Impractical As A Store Of Wealth Or Payments Mechanism
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Wall Street Steps Up Crypto ETF Push With SEC Verdict Unknowable At least four firms now have live applications for an exchange-traded fund tracking Bitcoin, with WisdomTree Investments joining their ranks late last week.
Claire Ballentine and Olivia Raimonde | Mar 16, 2021
(Bloomberg) Issuers across the $5.9 trillion U.S. ETF industry are racing to win approval for the first Bitcoin fund, with one big hurdle standing before them: A regulator whose position right now is anyone’s guess.
At least four firms now have live applications for an exchange-traded fund tracking the largest cryptocurrency, with WisdomTree Investments joining their ranks late last week. VanEck Associates Corp., NYDIG Asset Management and Valkyrie Digital Assets were the names already in the running.
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