Wall Street’s Cold Embrace of Bitcoin ETFs Comes With a Catch

In this edition of the Bloomberg Crypto newsletter, Katie Greifeld parses the difference between “solicited” and “unsolicited” when it comes to brokerages and Bitcoin ETFs.

Wall Street’s begrudging embrace of Bitcoin is good enough for all-time highs, with the world’s largest cryptocurrency briefly crossing above $69,000 on Tuesday before a wave of profit-taking dragged it lower.