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New funds will make investing in bitcoin easier. Here’s what you need to know

By KEN SWEET
AP Business Writer

NEW YORK (AP) — The U.S. for the first time has given the greenlight to almost a dozen exchange traded funds for bitcoins. ETFs give every day investors a way to get in on trading in oil, gold, corporate bonds and now bitcoin without actually having to own a barrel of oil, a bar of gold, or a bitcoin. That means you don’t have to find a place to store them. These funds closely track the price of bitcoin and provide an entry for smaller investors into the cryptocurrency, which now cost more than $47,000 each.

Article Topic Follows: AP National

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