Big demand for the new cryptocurrency funds: Crypto investor

Grayscale’s Michael Sonnenshein: Bitcoin doesn’t come without risks  
5:51 PM ET Fri, 12 Jan 2018 | 02:42
Investing in cryptocurrencies is complicated. Four new trusts make it easier, says crypto investor Michael Sonnenshein.

“Digital currencies are not like stocks and bonds and all the other things that you buy,” Sonnenshein, managing director at Grayscale Investments, a digital currency investment firm, said Monday on CNBC’s “Fast Money.” “There’s certain technological prowess that people need to have in order to handle them, store them securely, et cetera.”

Recognizing that investors want exposure to digital currencies, Grayscale launched four new crypto funds: Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust.

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