Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if regulators allow it.
“We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the firm can’t provide liquidity until regulatory issues are resolved.
Citadel Securities has grown from a small group built alongside Griffin’s hedge fund to a global trading behemoth not only in US‑listed markets but also international ones, pushing into investment banks’ favored products. It’s a market maker in equities, options, Treasuries and ETF trading.
For almost a decade, ETF issuers in the US have tried to launch a fund that physically holds Bitcoin as a way to gain further exposure to the asset class. But regulators have consistently denied the requests, citing concerns about the cryptocurrency’s volatility and its...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...