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Nasdaq Launches Crypto ETF, Bringing Institutional-Grade Exposure to Bitcoin

In a major milestone for the cryptocurrency industry, Nasdaq has launched its first cryptocurrency ETF, providing institutional investors with a secure and liquid way to gain exposure to Bitcoin.

The Nasdaq Crypto ETF (NCTC) tracks the performance of the Bitcoin Reference Rate (BRR), a widely followed benchmark for the cryptocurrency. The ETF is listed on the Nasdaq stock exchange and is designed to provide investors with a diversified exposure to Bitcoin, while also offering a range of risk management tools.

"Nasdaq is committed to providing investors with innovative and accessible ways to gain exposure to the rapidly growing cryptocurrency market," said Annabelle Gaschet, Head of Equity and Index Products at Nasdaq. "The launch of our Crypto ETF is a significant step forward in this effort, and we believe it will be an attractive option for institutional investors looking to gain exposure to Bitcoin."

The Nasdaq Crypto ETF is the first cryptocurrency ETF to be listed on a major US stock exchange, and it is expected to be a game-changer for the industry. The ETF is designed to be a low-cost and transparent way for investors to gain exposure to Bitcoin, with a management fee of just 0.95%.

The launch of the Nasdaq Crypto ETF comes as the cryptocurrency market continues to experience significant growth, with Bitcoin's price surging to new highs in recent months. The ETF is expected to be a popular option for institutional investors, including hedge funds, family offices, and pension funds, who are looking to gain exposure to the cryptocurrency market.

"We believe that the launch of the Nasdaq Crypto ETF is a major milestone for the industry, and it will provide a new and innovative way for investors to gain exposure to Bitcoin," said Jason Coles, Head of Investment Products at Nasdaq. "We are committed to providing investors with the tools and resources they need to succeed in the rapidly changing world of cryptocurrency, and we believe that the Nasdaq Crypto ETF is a key part of that effort."