Bitcoin ETF Hype Has Wall Street Eyeing $100 Billion Crypto Potential
- Investors are fielding client inquiries as SEC eyes approval
- New products offer redemption path for discredited asset class
Right now, only futures-based Bitcoin ETFs are available to investors.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of Bitcoin exchange-traded funds that will kick open digital-currency investing to the institutional and retail masses.
That’s driving the latest hype cycle in the world’s largest token on bets that the likes of wealth managers and financial advisers will finally start to lavish a small portion of their trillion-dollar portfolios on the crypto promise.