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If the NYSE has its way, a risky leveraged ETF which doubles the return of bitcoin could soon hit the market

If the NYSE has its way, a risky leveraged ETF which doubles the return of bitcoin could soon hit the market The New York Stock Exchange has asked SEC regulators to list five exchange-traded funds that track bitcoin futures on one of its markets. The ETFs are short-term investment vehicles designed to multiply returns in the cryptocurrency market, the SEC filing said. The NYSE has already issued several bitcoin-related filings to the SEC. An improvised message tells passersby to "buy…

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Young investors make thousands from bitcoin but experts warn amateurs could lose everything

Young investors make thousands from bitcoin but experts warn amateurs could lose everything Anyone seeking the hottest investments will have been watching developments in cryptocurrency with a discerning eye. Bitcoin, the king of the breed, has soared in value since launching in 2010. Thirty dollars’ worth of bitcoin bought at launch would have made you a millionaire by now. But the digital currency is also susceptible to wild fluctuations. Less than two weeks ago, the price of bitcoin collapsed by…

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