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There’s a new way to invest in Bitcoin
ProFunds, a Maryland-based firm, on Wednesday launched what it says is the first publicly available mutual fund correlated to the value of the largest cryptocurrency. The Bitcoin Strategy ProFund invests in Bitcoin futures contracts and aims for results that track the price of the digital currency — before fees.
It’s the latest financial product offering exposure to Bitcoin, as firms clamor to create ways for clients to grab a piece of the once-obscure digital asset.
More than a dozen investment firms have filed to ...