The quiet rise of exchange-traded notes
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Just three years ago, spot Bitcoin ETFs were hailed as crypto’s final gateway into mainstream finance. And for a brief moment, they looked like they would truly revolutionise investing. After a flurry of approvals and billions of institutional dollars flowing in, many on Wall Street assumed the ETF era was upon us.
ETFs gave institutions a straightforward method of gaining exposure to Bitcoin (BTC) and Ethereum (ETH) without grappling with private keys and custody complications. But they have a…
