More US finance giants tiptoe into cryptoassets | Malay Mail

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WASHINGTON, June 13 — Investing in bitcoin and other digital currencies remains a risky game where the rules could change significantly, but the payoff could be big.  In response to this dilemma, several leading US financial heavyweights are staying on the sidelines, while an increasing...

WASHINGTON, June 13 — Investing in bitcoin and other digital currencies remains a risky game where the rules could change significantly, but the payoff could be big.

Formerly something of an investment sideshow dominated by computer geeks, cryptocurrencies are sparking greater interest among mainstream investors after a big jump in bitcoin prices in 2020 and early 2021. Investors who want to trade bitcoin can currently turn to Robinhood or the cryptocurrency specialist Coinbase.

Fidelity Investments, which established a digital assets division in 2018 to execute cryptocurrency trades for hedge funds and other institutional investors, filed papers with US securities regulators for a bitcoin exchange traded fund .

 

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