Bitcoin ETFs take Wall Street by storm with historic debut

Friday, 12 January 2024
The first US exchange-traded funds investing in Bitcoin went live after approval from the SEC. The debut included offerings from BlackRock and Fidelity. Vanguard and Bank of America will not offer trading, while Robinhood and Charles Schwab are on board. Coinbase views this as a significant step for Bitcoin adoption. Fee wars preceded the launch, with several issuers lowering costs. These ETFs won’t be successful in the long term unless investors are able to easily access them, and that remains an issue.

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