The risky business of bitcoin ETFs

Today, the Securities and Exchange Commission voted to approve the first exchange-traded funds holding bitcoin. But regulators still have concerns, and a recent hack of an SEC social media account have only heightened fears. Plus, the pandemic relief funds that’ve been keeping state budgets afloat are gone. We’ll unpack why state budgets can be trickier beasts than the federal budget. And: This is normally a zombie-free zone, but “The Last of Us” TV series has us reconsidering.

Here’s everything we talked about today:

• • “SEC Hack Adds to Unease Over Bitcoin ETF Approval” from The Wall Street Journal

• • “State Budget Problems Spread” from The Pew Charitable Trusts

• • “‘It was a mirage’: States face budget woes as huge infusions of federal cash run out” from Politico

• • “The Last Of Us Show Casts Beef Actor As Key Character” from Kotaku

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