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Author Topic: [2015-09-18] CNN: There's a new way to invest in Bitcoin  (Read 265 times)
pitham1
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September 19, 2015, 01:10:13 PM
 #1

There's a new way to invest in Bitcoin -- But buyer beware

http://money.cnn.com/2015/09/18/investing/bitcoin-investing-etf/

Bitcoin lovers have been searching for a way to safely invest in the enormous potential they see in the crypto currency.

Buying actual bitcoins has proven dangerous, to say the least. Just look at the unbelievable turbulence in Bitcoin prices -- the currency's value shot up 6,000% in one year before collapsing in value -- and the alleged fraud at the Mt. Gox Bitcoin exchange that led many investors to lose money.

In theory, an exchange-traded fund, or ETF, that mirrors the price of Bitcoin would offer a somewhat safer alternative. Think: something akin to SPDR Gold Shares ETF (GLD), which tracks gold prices.

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