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'Full-Throated Demand' for Crypto ETFs Yet to Emerge on Wall Street

The article from Decrypt discusses the growing interest in cryptocurrency ETFs (Exchange Traded Funds) on Wall Street, driven by increasing institutional interest in digital assets. Despite the volatile nature of cryptocurrencies, there's a notable demand for crypto-related financial products that offer exposure to Bitcoin and other digital currencies without the need for direct ownership. This demand has led to the launch of several Bitcoin futures ETFs, with companies like ProShares, VanEck, and Valkyrie among those offering such products. These ETFs track the price of Bitcoin through futures contracts rather than holding the cryptocurrency directly, providing a more regulated and familiar investment vehicle for traditional investors. The article highlights that while direct Bitcoin ETFs are still pending SEC approval, the futures-based ETFs have been a significant step towards mainstream adoption, reflecting Wall Street's cautious yet progressive approach to integrating crypto into traditional finance. However, the complexity and regulatory scrutiny around these products continue to shape their development and investor interest.

Read the Full decrypt Article at:
[ https://decrypt.co/304136/crypto-etfs-demand-wall-street ]