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Monday, May 6, 2024

Bangkok Post – Bitcoin ETFs take Wall Street by storm with historic debut

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday. (Photo: Bloomberg)

NEW YORK – Wall Street may be divided over crypto’s investment credentials but for Bitcoin brethren Thursday delivered validation: The first United States exchange-traded funds investing directly in the largest digital currency finally went live.

It was a much-anticipated debut that came a day after the US Securities and Exchange Commission (SEC) gave them the green light following a more than decade-long campaign by the digital-asset industry. 

The batch of almost a dozen funds — including offerings from…

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