Why Wall Street Firms Are Embracing Crypto

Wall Street has tiptoed around crypto for years. But following the Securities and Exchange Commission’s approval of spot-bitcoin ETFs last month, some financial firms seeking a fresh source of revenue are now jumping in with both feet. Firms that have a reputation for being staid and reliable are even using language popular in the crypto community, which not long ago viewed Wall Street as an ideological enemy. WSJ reporter Alexander Osipovich joins host Alex Ossola to talk about how these firms are embracing crypto—and whether they’re taking a risk as they do.

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Wall Street has tiptoed around crypto for years. But following the Securities and Exchange Commission’s approval of spot-bitcoin ETFs last month, some financial firms seeking a fresh source of revenue are now jumping in with both feet. Firms that have a reputation for being staid and reliable are even using language popular in the crypto community, which not long ago viewed Wall Street as an ideological enemy. WSJ reporter Alexander Osipovich joins host Alex Ossola to talk about how these firms are embracing crypto—and whether they’re taking a risk as they do.

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