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Wall Street Backs Bitcoin Stock Proxies Amid Crypto Hack Fears

Wall Street Backs Bitcoin Stock Proxies Amid Crypto Hack Fears
Source: rande-academy.cz

Crypto hacks are getting harder to ignore, and Wall Street firms have a pitch for investors who want Bitcoin exposure without the custody headaches: skip the wallet, buy the stock. The argume

Summary

  • Bitcoin Crypto hacks are getting harder to ignore, and Wall Street firms have a pitch for investors who want Bitcoin exposure without the custody headaches: skip the wallet, buy the stock.
  • Crypto hacks are getting harder to ignore, and Wall Street firms have a pitch for investors who want Bitcoin exposure without the custody headaches: skip the wallet, buy the stock.
  • Every high-profile exchange breach or wallet exploit sharpens the same question for would-be Bitcoin buyers: who holds the keys, and can they be trusted?
  • That question is driving renewed interest in a category Wall Street has quietly promoted for years, Bitcoin proxy stocks, publicly traded companies whose share prices move in rough correlation with Bitcoin’s price, according toreporting by Decrypt.
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