Four New Ways to Gain Exposure to Bitcoin and Other Digital Currencies

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Published on:
Mar/13/2018

Four new trusts makes investing in cryptocurrencies much easier, claims managing director at Grayscale Investments Michael Sonnenshein.

"Digital currencies are not like stocks and bonds," says Sonnenshein. "There's certain technological prowess that people need to have in order to handle them.'"

The new crypto funds are: Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust.

The new trusts, Sonnenshein said, are "something that people can really wrap their heads around."

The new trusts, Sonnenshein said, are "something that people can really wrap their heads around."

So far, in the week since the products were introduced, the demand has been "fantastic," said Sonnenshein, whose company has approximately $2.1 billion in assets under management across eight different products.

"There's a lot of investors who want to be able to place targeted exposure in a fund," he said. "And, there are also investors who want that more-diversified exposure, like the digital large-cap fund offers."

Grayscale's Michael Sonnenshein: Bitcoin doesn't come without risks from CNBC.

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