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The Wall Street Publication > Blog > Markets > Why Your Adviser Might Start Talking Up Bitcoin
Markets

Why Your Adviser Might Start Talking Up Bitcoin

Editorial Board Published October 22, 2021
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Why Your Adviser Might Start Talking Up Bitcoin
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Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too.

This week, the first cryptocurrency-focused exchange-traded fund in the U.S., ProShares Bitcoin Strategy ETF, raised $1.1 billion in its first two days of trading. Advisers who want to buy bitcoin directly for clients have to clear some onerous regulatory hurdles first; in comparison, buying a bitcoin-related ETF is as easy as breathing.

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