ETF 'Spider Woman' Gets Behind Bitcoin ETF

ETF 'Spider Woman' Gets Behind Bitcoin ETF

Kathleen Moriarty, who was instrumental in directing the setup of exchange traded funds (EFTs) from a legal perspective in the early 1990s, is supporting a bitcoin ETF, which she is optimistic about, according to The Wall Street Journal. An ETF is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a stock on a stock exchange. The ‘Spider Woman’ Moriarty’s understanding of the complex rules governing financial products and markets has earned her the nickname “Spider Woman.” She helped launch the....


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