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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’.
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"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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