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Marketmind: To the moon? Bitcoin ETFs lift off

Published by
Reuters UK

A look at the day ahead in European and global markets from Ankur Banerjee After the fake post comes the real thing. The long-mooted and eagerly anticipated exchange traded funds (ETFs) to track bitcoin got the official go-ahead at last, sending the crypto world into a celebratory mood at what it sees as a game-changer. The 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity and Invesco, were approved by the U.S. Securities and Exchange Commission, with most of the products expected to start trading on Thursday. Estimates of first-year inflows vary widely, from $5 bil…

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