Over the decades, Wall Street's financial engineering has led to periodic crises as the world's largest financial engine continues to search for that holy grail of assets: a perfectly liquid, income-generating instrument that can also act as a hedge when needed. In the 1980s, it was portfolio insurance that rocked the markets, in the 2000s, it was collateralized debt obligations (CDOs), and in 2020s, it might be Bitcoin ETFs. To wit, Bloomberg is now reporting that JP Morgan - whose CEO Jamie Dimon remains one of the most vocal and persistent Bitcoin critics - has started accepting Bitcoin ETFs, or […]
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