Get the latest tech news

Bitcoin: Crypto fans can now invest in exchange-traded funds - but what are they?

Long-awaited approval from US financial authorities means cryptocurrency fans have a new way to trade.

"Bitcoin is primarily a speculative, volatile asset that's also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing," he said. About a dozen investment companies, including Blackrock and Fidelity, have been waiting for months for the US Securities and Exchange Commission (SEC) to give them the green light to start buying Bitcoin for their own ETFs. But judging from the excitement on social media, the prevailing sentiment is hope the cash injection will make existing Bitcoin investors rich.

Get the Android app