A Bitcoin ETF will be launched soon

30 September 2013 | By Li Hongmei | dailyeconomic.com

Bitcoins Rise

The world’s most popular crypto currency will have its own exchange-traded fund (ETF) that may finally make it a mainstream financial instrument.

Second Market, the exchange specialized in obscure and exotic financial instruments, is preparing to launch the Bitcoin Investment Trust which is basically a classic exchange-traded fund. TheVerge.com reports that the goal of the fund is to make Bitcoin an accessible instrument for investment funds and other institutional investors. Today, the value of all existing bitcoins is around 1.5 billion dollars and it has a tremendous potential for growth.


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