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Citigroup Cracks the Crypto Code for Institutional Investment in Cryptocurrencies

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interesting, had to google what an ADR is for comparison and how it worked


ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas. Holders of ADRs realize any dividends and capital gains in U.S. dollars, but dividend payments in euros are converted to U.S. dollars, net of conversion expenses and foreign taxes. ADRs are listed on either the NYSE, AMEX or Nasdaq, but they are also sold over-the-counter (OTC).


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