BitcoinBusinessfinally

A Bitcoin ETF Will Finally Start Trading Tuesday. Just Remember — It’s Not Bitcoin.


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ProShares is set to launch the first U.S. exchange-traded fund on Tuesday to track the price of Bitcoin, the culmination of eight years of failed attempts to wrap the volatile digital asset in Wall Street’s favorite package.

An ETF structure opens Bitcoin up to people who have been nervous about buying Bitcoin directly, and want to hold it next to their stocks and bonds using similar safeguards to their S&P 500 index funds. Even those who are skeptical about the products that are about to launch expect them to draw billions…


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