Over the last year, the price of bitcoin has skyrocketed more than 900 percent, rising from just under US$5,000 to nearly US$54,000. The cryptocurrency’s meteoric ascent has created a lot of buzz, as well as interest from investors clamoring to enter one of the hottest markets. Unfortunately, bitcoin can be notoriously difficult to understand, and that has kept some investors away. Accessibility is changing quickly, however. In the last 12 months there have been a plethora of new additions to the bitcoin investment landscape, including several bitcoin trusts and the world’s first three bitcoin exchange-traded funds (ETFs).
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