The long-awaited Bitcoin exchange-traded fund might finally become a reality—but not in the way many investors expected.
Securities and Exchange Commission Chair Gary Gensler signaled recently that he’s open to the idea of a crypto ETF. Though Bitcoin and other cryptocurrencies can be easily bought on financial platforms like Robinhood (ticker: HOOD) and PayPal (PYPL), an ETF would eliminate the hassle of managing digital wallets and allow investors to integrate the digital currency into their portfolios.
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