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Home » $4 Billion of New Bitcoin Funds Change Hands in First Trading Day – The New York Times

$4 Billion of New Bitcoin Funds Change Hands in First Trading Day – The New York Times

$4 Billion of New Bitcoin Funds Change Hands in First Trading Day – The New York Times

The products, known as exchange-traded funds, were approved by federal regulators this week, a watershed moment for the crypto industry.More than $4 billion of a newly approved investment product tied to Bitcoin changed hands in the first day of trading on Thursday, as cryptocurrency enthusiasts celebrated a watershed moment for the industry.Eleven of the products, known as exchange-traded funds, or E.T.F.s, started trading on popular platforms such as the Nasdaq a day after federal regulators authorized them, creating a simpler way for investors to bet on the cryptocurrency markets. Major financial firms, including asset managers like BlackRock and Fidelity, are offering… 

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