Hassle-free bitcoin investing may be coming

Bitcoin investment trusts and ETFs headed to a brokerage near you?

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From the December/January 2014 issue of the magazine.

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bitcoinFacebook flops, the Winklevoss twins, now fancy themselves as bitcoin ETF moguls. If you’ve avoided buying bitcoin—the unregulated virtual currency favoured by drug cartels—the Winklevii instead want you to buy ETFs that only track the sketchy cryptocurrency. This would avoid the hassle of owning bitcoin, but it’s unknown if the proposed product will even reach market. Meanwhile, SecondMarket recently stole the twins’ thunder by launching the first Bitcoin Investment Trust (BIT). Shares will soon be eligible for sale in online auctions, but as SecondMarket cautiously warns, BIT is “strictly for speculative purposes.”

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