From Investing.com:

U.S. exchange-traded funds (ETFs) tracking bitcoin have been approved by the SEC, leading to fears of new risks. The products promise easier access and safer bitcoin exposure, but SEC Chair Gary Gensler remains wary of the volatile asset. The combined $21 billion in assets could draw as much as $100 billion this year. Experts warn of potential risks to the traditional financial system during market stress and cite previous ETF volatility events. The daily average volatility of bitcoin is roughly 3.5 times that of equities, and ETFs could exacerbate this volatility in times of market stress.ubyte compensation.



Read more: US bitcoin ETFs raise questions over broader financial system risks By Reuters