The first Bitcoin-linked ETF (BITO) launched in the US on October 19, 2021. Other Bitcoin-linked or physically-backed ETFs and ETNs have been around for some time in other markets, but this new ETF attracted a lot of attention because it is listed in the US. By numbers it was a major success, with over 1 billion US dollars in volume on its first day of trading, over 1 billion US dollars in assets under management after two days of trading, marking it as one of the most successful ETFs debuts on record. We keep hearing a narrative that Bitcoin is the next gold, the store of value of choice for the digital age. The expectation is that ETFs matter and will really launch it into the mainstream because it offers investors an opportunity to gain exposure to Bitcoin returns conveniently without the need for an account at a cryptocurrency exchange...