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The spot bitcoin ETF race could quickly reach your 401(k) retirement plan
Retirement savers who want a taste of bitcoin without owning the cryptocurrency coins directly could soon gain the access they’ve been craving. The Jan. 10 deadline is nearing for U.S. regulators to decide whether to allow a spot bitcoin exchange-traded fund, which would attempt to track the real-time price of bitcoin, and industry participants are feeling hopeful the U.S. Securities and Exchange Commission will give it a thumbs-up. It remains to be seen how popular such an ETF would be with retail investors, but more than 10 asset managers, including the world’s largest, BlackRock, are working to get their ... (full story)