June 15, 2021

State Street Mulls Crypto Exchange-Traded Funds

As firms such as ETC Group and 21Shares launch, or plan to launch, bitcoin exchange-traded products (ETPs), State Street’s exchange-traded funds business is mulling how it can harness increasing client demand for digital currencies like bitcoin, Financial News reported.

A State Street official noted in the report that the bar is “extremely high” for the company to roll out offerings that will give investors exposure.

“We are trying to figure out how we can look at this space through our various lenses, rather than adapt ourselves,” said Matteo Andreetto, who leads the SPDR ETF business across Europe, the Middle East and Africa (EMEA) for State Street.

ETC Group recently rolled out its inaugural bitcoin ETP in Great Britain on Aquis, while 21Shares said this month that it will roll out its…

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