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The Securities and Exchange Commission on Thursday paved the way for trading in exchange-traded funds that invest directly in the cryptocurrency Ether, putting the digital-asset industry on the cusp of a significant milestone. In a first-of-its-kind blessing, the SEC signed off on a proposal by venues run by Cboe Global Markets Inc., Nasdaq and the New York ...
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As Archegos Capital Management cratered in March 2021, it began trying to pull excess cash from trading accounts across Wall Street. At the time, it had about $470 million with Goldman Sachs Group Inc. But instead of withdrawing the money, an Archegos staffer accidentally wired that amount to Goldman, and the bank didn’t immediately give it back. That left ...