The post Bitcoin Depository Receipts (BTC DRs): A New Offering for Institutional Investors appeared first on Coinpedia Fintech News
As the wait for the approval or refusal of spot Bitcoin ETF intensifies, a group of former Citigroup executives has unveiled a new product for institutional investors called Bitcoin depository receipts (BTC Drs), as Bloomberg reported. These securities are similar to American depositary receipts (ADRs) for foreign stocks and will provide institutional investors with direct …
