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-0.0100590771195913 -0.0100590771195913 -0.0100590771195913 -0.0100590771195913 -0.0100590771195913 -0.00191601468944602 -0.00191601468944602 0
Stock impact report

How European investors can ride the bitcoin ETF wave [FT.com - Mergermarket]

VanEck Video Gaming and eSports ETF (ESPO) 
Dominic LawsonJump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox. exchange traded funds have grabbed the headlines in the this year, attracting strong investor interest and — for a time — helping to drive the price of the world’s most popular cryptocurrency to record highs.Since January, when the Securities and Exchange Commission approved “spot” bitcoin ETFs — which hold the actual currency, rather than futures contracts on it — 11 have been launched by firms including BlackRock, Fidelity, WisdomTree, and VanEck.And they have already amassed $48bn of assets under management between them, according to Morningstar data up to March 5.Frank Koudelka, head of ETF servicing at State Street, says the SEC’s decision and the ensuing rally in the bitcoin price will probably lead to more interest among asset managers, and new funds based on other cryptocurrencies.“We anticipate the next important date Show less Read more
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