Bitcoin Futures Trading Company XBT Investments Heads For The ASX

Investors who are unsure of how to buy or manage their own cryptocurrencies will have an easy way to be exposed to the volatile asset class, with the first Bitcoin investment company readying to list on the ASX this quarter.

The float of XBT Investments, which has a management agreement with BitFunds, will invest in Bitcoin futures rather than own the cryptocurrency outright. This enables it to overcome the ASX’s listing rules which do not permit pure cryptocurrency investment companies.

The listing comes as Bitcoin starts the new year trading lower for the first time since 2015, having fallen from almost $18,000 to less than $17,300.

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