Bitcoin exchange-traded funds are coming, helped by the emergence of derivatives on the digital currency, according to industry executives.
Don Wilson, founder of Chicago-based trading powerhouse DRW Holdings LLC, said on a panel at the Futures Industry Association annual conference in Chicago that it seemed obvious that futures and options will lead to an ETF. His view was echoed by others who spoke at the event Thursday.
“Once a derivative is launched, a bitcoin ETF will follow,” Wilson said in an interview after the panel discussion. “That’s the common wisdom.”
Read more at Bloomberg.