New exchange-traded fund tied to Bitcoin futures begins trading on Wall Street
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The first exchange-traded fund – or ETF – in the country that’s linked to Bitcoin’s price swings begins trading today. The fund is actually a basket of Bitcoin futures, which are bets on where the volatile cryptocurrency’s price will go. Helping us make sense of this is Erik Gordon, professor at the University of Michigan’s Ross School of Business. We check on how Netflix is doing as earnings reports season gets underway. Home builders are looking on the bright side despite the challenges facing the supply chain.
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