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Establishment’s Takeover of Bitcoin Creates a New List of Risks

(Bloomberg) -- Bitcoin exchange-traded funds have been such a smashing success in the US that they now hold more than 1 million of the tokens, or about 5% of what currently exists. That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and enigmatic creator known as Satoshi Nakamoto.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Br