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A Bitcoin ETF Is Likely Coming Soon. Is It Better to Just Buy Bitcoin?

Wall Street has been trying to launch the crypto investment product since 2013, in the early days when it was complicated to buy Bitcoin outright.

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Firms across Wall Street have been eager to launch an exchange-traded fund tracking Bitcoin for almost a decade now. By the time they potentially succeed this fall, it may be too late for the product to be useful for everyday investors.

Since 2013, investment firms have argued that the products would make buying Bitcoin easier, eliminating the need for complicated digital wallets and keys. Then, as Bitcoin matured, platforms like Robinhood and Coinbase opened up access to anyone with a computer or smart phone.