From reinsurance to structured credit: The financial products you didn’t know Bitcoin was powering

Everyone knows about the ETFs, but almost nobody knows about the dozens of obscure institutional products being built around Bitcoin while the funds soak up all the attention, from a $40 million insurance reserve in Barbados to an S&P-rated bond deal sold to Wall Street investors by Jefferies. The ETFs answered only one question, which was how ordinary investors and institutions could own Bitcoin inside a regulat…