Digital
Merit
Spot Bitcoin ETFs Are Coming. Beware the Risk
Last month, BlackRock Inc., the world's biggest money manager, asked the Securities and Exchange Commission to approve a spot Bitcoin exchange-traded fund — a fund that would invest in the digital currency directly rather than through futures markets. BlackRock joins tens of other smaller ETF providers with the same request, so far without success. But with BlackRock's heft behind growing demands for a spot Bitcoin fund, it's only a matter of time before the SEC relents.