Wall Street isn’t ready to manage crypto ETFs

2024 has been a year for the history books in the digital asset space. 

After a decade-long dance with the SEC, the US regulator approved the first batch of spot bitcoin ETFs in January, triggering billions of dollars in institutional inflows and setting the stage for the next bull run in the broader crypto markets. 

With institutional allocations expected to increase and a spot ether ETF recently approved, now’s the time to assess the preparedness of the digital asset and traditional financial industries. But current ETF issuers are not ready to grapple with multibillion-dollar inflows and the supreme complexities of managing a bearer asset tied to a cryptographic key. The…

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