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It’s about to get a lot easier to bet on the price of bitcoin. Grayscale’s Bitcoin Investment Trust, a vehicle that seeks to track the price of the cryptocurrency, announced a 91-for-1 split that will bring the price of a single share down from $US1,860 to roughly $US20.
Here are the current standings:
- Bitcoin (BTC): $US13,575.96 (+2.01%)
- Ethereum (ETH):$US1,232.53 (+8.18%)
- Ripple (XRP): $US1.97 (+2.07%)
- Bitcoin Cash (BCC): $US2,535.39 (+4.00%)
- Cryptocurrencies had a rough week that has seen prices drop dramatically. Despite today’s gains, Ethereum could be the only one to finish the last seven days in the green.
- Treasury Secretary Steven Mnuchin said the Treasury is closely following the growth of cryptocurrencies, but is ‘concerned that consumers could get hurt‘ by bitcoin investing.
- A Wall Street consultancy eviscerated crypto in a massive report – and it should strike fear into the heart of every bitcoin bull.
- There will soon be a new way to bet on the blockchain technology behind bitcoin, thanks to a new ETF from RealityShares that is set to start trading next week.
- Gambling companies are the latest sector to cash in on the hottest trend sweeping crypto, according to a new report from Credit Suise.
- Blockchain technology – which powers bitcoin – may only be halfway through it’s evolution, the same Credit Suisse report said.
- ‘You just have more people annoying you:‘ The CEO of a cryptocurrency platform offering 100x leverage explains why he turns down investor cash
- Finally, if crypto is getting you down, there’s another corner of the stock market that’s seen even crazier trading than bitcoin.
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