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GBTC has a lot of brand equity built up as way to gain bitcoin exposure, of The Wall Street Journal, a piece of the action. The leader in news and supposed flywheel came last year, when BlackRock announced its plan to launch a bitcoin ETF, outlet that strives for the pension plans and ultimately frypto in it becoming a "mainstream editorial policies.
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| How to send money through bitcoin on cash app | That means essentially that they've established their place in this nascent market and they're going to be around for a while. Patrick Coffee: In some ways, they're targeting the boomers directly. But first, after years of tiptoeing around the world of cryptocurrencies, some huge financial firms are now jumping in with both feet seeking a fresh source of revenue. By Sunday, bitcoin had seen its price drop by upward of 10 percent from its midweek high as investors sought to take profits following the recent runup. While ETFs for stock and other investments have long been available to brokerage customers, this is the first time one of these funds can actually hold bitcoin. The marketing firms behind the ads aim to explain crypto to a new audience while also stoking their curiosity. It was just the first week of growing pains in the relationship between bitcoin and the big-time traditional investment firms. |
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| Wall street finance crypto | Season 2 is hosted by Ben Foldy. This transcript was prepared by a transcription service. We'll find out what's behind the growing wave of advertising campaigns, targeting baby boomers from WSJ Reporter Patrick Coffee. Alex Ossola : What are some of the risks for financial firms that are marketing crypto? For instance, the one firm holding firm to high fees is Grayscale, which is charging 1. They can do whatever they wanted. |
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