The first bitcoin exchange-traded fund started trading Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account. Here is a look at what it means.
What is happening?
The rose nearly 5% in one of the most-heavily traded fund debuts. It is the first of several funds expected to follow over the next two weeks as the Securities and Exchange Commission considers additional proposals made in August by asset managers Valkyrie Investments and VanEck to sell bitcoin ETFs to investors.
