..

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

Written by:
Guest
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.

Video News News

Will Prime Time Underdogs Continue their Barking? | Colts vs 49ers

Will Prime Time Underdogs Continue their Barking? | Colts vs 49ers

In this 60 seconds clip, Drew Butler, Anthony Becht and Jonathan Casillas breakdown the Sunday night game between the Colts vs 49ers.

Seven Point Spread In Big Rivalry Matchup | USC vs Notre Dame Picks

Seven Point Spread In Big Rivalry Matchup | USC vs Notre Dame Picks

Notre Dame is a -7 point favorite in this one.

Free Pick Analysis on the Oklahoma State vs. Iowa State Game October 23

Free Pick Analysis on the Oklahoma State vs. Iowa State Game October 23

Oklahoma St and Iowa St duel on Saturday, October 23rd. Our experts are divided on the spread for this one so maybe a play on the total is the right call?

Clemson vs. Pittsburgh Prediction October 23

Clemson vs. Pittsburgh Prediction October 23

Clemson and Pittsburgh meet on Saturday, October 23rd. It’s unanimous! The entire crew is all over Pittsburgh. Stay tuned as the guys will share their free college football picks, favorite NCAAF odds and best bets for this Week 8 college football game.

Broncos vs Browns Predictions: Odds of Cleveland Beating Denver Thursday Night

Broncos vs Browns Predictions: Odds of Cleveland Beating Denver Thursday Night

The Denver Broncos and the Cleveland Browns face off on Thursday, October 21st as they kick off NFL Week 7. Both teams will be looking to bounce back after losing their last game. Hang around as the guys will share their best bets, NFL expert predictions, and their favorite NFL odds for this matchup of the NFL regular season.

Syndicate