Traders Urge Caution on Potential Bitcoin ETFs

Senior industry figures say it may be too soon to create financial products based on cryptocurrencies.

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There have been significant steps taken in recent months to breathe confidence into the digital space—with Six Swiss Exchange set to launch a cryptocurrency platform designed to provide trading, settlement and custodial services, and VanEck teaming up with SolidX to file its third bid to list a physically backed bitcoin exchange-traded fund (ETF).

These latest movements, however, have still failed to alleviate industry concerns relating to crypto ETFs, with some of the key issues involving

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