By Hannah Lang, Suzanne McGee and Manya Saini
January 12, 20241:10 AM EST
Low fees by issuers spark race for market share
Bitcoin hits two-year high
Traders closely eyeing bid-ask spreads
Jan 11 (Reuters) - U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday.
The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets - still viewed by many professionals as risky - can gain broader acceptance as an investment.
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