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

Naked Man Goes on Attack in Casino, Subdued by Police

A naked man on the attack inside a popular casino had to be subdued by police officers.

More Than $30M in Cryptocurrencies Stolen From One of World's Largest Exchanges

Bithumb, an exchange based in South Korea, confirmed Wednesday that some $30 million worth of cryptocurrencies have been stolen from it.

High Stakes Homicide: Investigation Discovery's 'Reasonable Doubt' Profiles Kim Cain Case

High Stakes Homicide: Investigation Discovery's 'Reasonable Doubt' Profiles Kim Cain Case

Pest control worker Kim Cain was convicted of murdering a 71-year-old Palm Beach socialite after she apparently found him stealing her jewelry to support his gambling addiction.

Bet on Where Kawhi Leonard Will Play Next Year

Bet on Where Kawhi Leonard Will Play Next Year

With word that Kawhi Leonard wants out of San Antonio, Dave Mason of BetOnline has posted odds on what team he ends up playing for next year.  The Lakers pay $11.50 for every $10 bet.

NJ Governor Bets $20 on Germany to Win World Cup as Sports Betting Kicks Off

New Jersey's governor kicked off a new era of gambling Thursday in the state that led the charge for the entire nation to bet on sports legally.

Syndicate