One of the founding ideas behind Bitcoin was that it was outside the mainstream financial system, that it existed on its own, and financial regulators couldn't touch it. financial When you wanted to buy Bitcoin, it was a very complicated and risky process because the most popular crypto exchanges were the ones based offshore outside of the US.

That's her colleague Vicky Huang. She covers crypto.

And there were a lot of instances when the crypto exchanges just got hacked or blew up or the founders of those exchanges just took off with the investors money so to buy

Bitcoin was extremely difficult and highly risky. Nowadays buying Bitcoin is easy. There are popular cryptocurrency exchanges like

finance and coin base and you can even buy it on PayPal. But one domain where

Bitcoin has remained off limits, the stock market, the place where most Americans invest.

Until last week, US regulators ruled that investment firms can now create funds made

entirely out of Bitcoin, which essentially means Bitcoin can now be bought and

sold on the stock market, just as easily as shares of publicly traded companies.

I think the crypto industry will look back on this moment as a milestone for the industry, just because this has been

a more than a decade effort to bring a fund holding Bitcoin, the largest cryptocurrency into market.

I think it will be seen as a historic moment in crypto history.

Welcome to the Journal, our show about money, business, and power.

I'm Ryan Knutzen. It's Tuesday. show about money, business, and power.

I'm Ryan Knutzen.

It's Tuesday, January 16th.

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