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Investor Says A Bitcoin Fund May Be Just A Year Away

TedTed
in The Bullpen
FYI: While Wall Street has had trouble minting a bitcoin exchange-traded fund, a closed-end fund based on the cryptocurrency may be just a year away.

“I wouldn’t be surprised if we saw a closed-end fund before a bitcoin ETF,” Cathie Wood, chief executive officer of ARK Investment Management, said. “I don’t think we’ll see an ETF within a year, but maybe within two years and with a lot of education.”
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-10-16/bitcoin-closed-end-fund-may-be-a-year-away-ark-s-wood-says
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