Virtual Money: Bitcoin Could Be An Exchange Traded Fund As Soon As Saturday, With SEC Approval
March 8, 2017
Bitcoin may soon be going mainstream.
The Securities and Exchange Commission is set to decide Saturday whether investors can buy and sell bitcoins, not only on often unregulated, potentially shady digital currency exchange platforms, but also on name-brand marketplaces as an exchange-traded fund — a security that bundles underlying assets, such as commodities and company shares, into a single, purchasable asset.