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Jane Street emerges as broker of choice for Bitcoin ETF issuers

Jane Street, the firm where FTX’s Sam Bankman-Fried learned how to trade, is so far the broker-dealer of choice for issuers of proposed exchange-traded funds that aim to invest directly in Bitcoin. Fidelity and WisdomTree named Jane Street Capital as their ‘authorized participant’. 

"While it’s usually not hard for ETF issuers to get authorized-participant agreements, some industry watchers had expressed concerns that Bitcoin funds would have a harder time since cryptocurrencies are a newer asset class."

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