Bitcoin ETFs Get Off to a Monster Start, Despite Resistance on Wall Street

Summary: Trading of the Bitcoin spot ETF is off to a rip$-$roaring start. More than $$4\mathrm{.}6$ billion shares of Bitcoin ETFs were traded Thursday. This impressive volume is despite pushback from some of the biggest names on Wall Street. How the new Bitcoin ETF fits into the retail investment world of cash, bonds, and stocks is another story. Bitcoin, as a new market $($yes$,15$ years old is still a new market$),$ still requires maturity and thus will continue to experience growing pains and volatility. How investors and retirees respond to the Bitcoin ETF will dictate if Wall Street big whigs formally adopt the product.

Questions:

Would you hold the Bitcoin ETF in your retirement accounts?

What risks does the Bitcoin ETF pose for large investment institutions like Vanguard?

How do you think the Bitcoin ETF will affect the underlying price of Bitcoin? Explain.