Distributed Ledger: Arrival of spot bitcoin ETF is unlikely to trigger the crypto’s further rally. Here’s why.

Welcome back! This is Frances Yue, reporter at MarketWatch.

Crypto investors have long been hoping that an exchange-traded fund investing directly in bitcoin could boost adoption of the cryptocurrency and lead to a price rally. 

But that may not happen, according to Stuart Barton, co-founder and chief investment officer at Volatility Shares,…