For years, virtual currency is a niche, and its price has fluctuated wildly, often in the millions of dollars.
The latest virtual currency to come into the spotlight is Bitcoin, which has exploded in popularity since it was introduced in 2009.
But Bitcoin is still just a small fraction of all virtual currencies, and that hasn’t stopped some from attempting to make money out of the currency.
A number of virtual currency investors have gone to great lengths to get their coins listed on the stock exchange.
One of the more well-known is Bitcoin Investment Trust, which recently announced a $250 million virtual currency fund.
The investment fund, which will be led by the former chief executive of Goldman Sachs, is backed by former Microsoft CEO Satya Nadella and includes some of the top names in the cryptocurrency space.
In February, Bitcoin Investment trust announced that it had raised $50 million to invest in a virtual currency ETF called Bitcoin-Gold.
The fund has no investment limits, but it can only invest in virtual currencies that meet certain criteria, including a minimum market cap of $5.2 billion.
It will be the first virtual currency exchange to be allowed to offer an ETF that includes virtual currencies.
The Bitcoin Investment ETF, created by Bitcoin Investment and Bitcoin Investment Alliance, aims to increase liquidity in virtual currency markets by offering liquidity for digital assets, as well as provide liquidity for traditional assets.
Investors can trade virtual currencies directly in a physical physical account or via a virtual wallet, and they can receive digital currency dividends.
“Bitcoin has exploded, and now it’s become a great vehicle for money to flow between people,” said Peter Vessenes, co-founder and CEO of Bitcoin Investment, in a press release announcing the fund.
“This ETF will allow the world to make sense of this huge, growing industry.”
Vessenes and his colleagues have also made sure that the ETF is well-capitalized.
The ETF is funded by the proceeds of a $50 billion initial public offering (IPO) by Bitcoin Core, the software powering Bitcoin.
The funds will be invested in Bitcoin ETFs through a fund managed by the Bitcoin Investment Partnership, which is owned by the Winklevoss twins, Andrew and Cameron Winklevoe.
The first Bitcoin ETF, called Bitcoin Investment Holdings, has also been approved for listing on the NYSE Arca exchange, according to CoinDesk.
It has a minimum investment of $1 million, and it will be listed on Monday.
The Winklevix twins, who are known for their conservative, libertarian worldview, are hoping to leverage their Bitcoin Investment Funds into more investment opportunities, according the company.
The company also has a virtual market called Bitcoin Cash, which aims to offer a cryptocurrency that can be exchanged for fiat currency.
But it isn’t as easy to get access to, and some are concerned about how it might interact with other virtual currencies or blockchain technology.
The ETF will include three different virtual currency currencies: Bitcoin Cash (BCH), Bitcoin Cash XBT (BCY), and Bitcoin Gold (GBY).
It will also be offering a number of other cryptocurrencies, including Litecoin, Bitcoin Cash’s parent, which went live in 2017.
The investment fund will not be able to invest directly in the Winkllevoss family’s cryptocurrency holdings, however.
The Winklevakes own a 25% stake in the company, which was founded in 2015 and is currently backed by Andreessen Horowitz, Marc Andreessen, and Marc Andreesson.
Andreessen Horowitz also owns an investment fund called Bitcoin Opportunity Fund, which invests in companies that use blockchain technology to create new products and services.
The Bitcoin Opportunity fund will invest in Bitcoin Opportunity ETFs.
The initial investment in Bitcoin Investment is a small portion of the $50-million fund that will be launched with the fund, and the first investment is expected to be around $20 million, according CoinDesk calculations.
That’s a big investment for the Winkldors, who have invested in more than 50 Bitcoin startups.
The company was founded as a digital currency company in 2015.
Bitcoin Investment Alliance plans to list the Bitcoin Cash ETF and Bitcoin Opportunity Funds on the New York Stock Exchange by the end of June.