Takeover of bitcoin creates new list of risks


FILE PHOTO: FILE PHOTO: Illustration of bitcoin

NEW YORK: Bitcoin exchange-traded funds (ETFs) have been such a smashing success in the United States that they now hold more than one million of the tokens, or about 5% of what currently exists.

That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and enigmatic creator known as Satoshi Nakamoto.

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Bitcoin , ETF

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