Wall Street turns crypto bet loved by hedge hunds into ETF bait
via bloomberg.com
Short excerpt below. Read at the original source.
Wall Street is repackaging a tried-and-trusted crypto trade into an ETF, betting that a new generation of retail investors want in on an arbitrage strategy beloved by institutional pros. ETF issuer Defiance has filed with the U.S. Securities and Exchange Commission to launch two exchange-traded funds built around the so-called basis trade—one tied to Bitcoin, the […]