Cryptocurrencies
Citadel Securities Ready for Crypto ETFs When Regulators Approve
- Concern about volatility, fraud have blocked approvals
- If regulators agree, demand will follow, Citadel’s Laing says
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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.