Wall Street Rolls Out the Red Carpet for Bitcoin ETFs… but Should You Invest?

Today was a pretty big day for cryptocurrency investors. But it was an even bigger day for Wall Street. The first exchange-traded funds (ETFs) that directly hold Bitcoin began trading this morning. They’re off to a strong start, too – over $3.5 billion worth of shares traded hands by mid-day on the NYSE. But how we got here was something of a rollercoaster ride. Over the weekend, rumors began to spread that the Securities and Exchange Commission’s approval of the ETFs was imminent. Then, on Tuesday, someone “compromised” the SEC’s official account on X (formerly known as Twitter) and posted a fake message saying they had approved…