Crypto Currency Tracker logo Crypto Currency Tracker logo
Coinpedia 2024-01-04 11:12:57

Bitcoin Depository Receipts (BTC DRs): A New Offering for Institutional Investors

The post Bitcoin Depository Receipts (BTC DRs): A New Offering for Institutional Investors appeared first on Coinpedia Fintech News As the wait for the approval or refusal of spot Bitcoin ETF intensifies, a group of former Citigroup executives has unveiled a new product for institutional investors called Bitcoin depository receipts (BTC Drs), as Bloomberg reported. These securities are similar to American depositary receipts (ADRs) for foreign stocks and will provide institutional investors with direct …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.