The new service from Fidelity comes after Bitcoin beat its 2017 highest price earlier this month before retreating in recent days
Institutional investors in the developed world have climbed on to the bitcoin bandwagon. Many large hedge funds and mutual funds now bet on it
The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said
Bitcoin's tumble last week, the biggest since March, after a 150% run-up this year underscores the famous volatility of the asset class that has kept mainstream investors at bay
The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines.
Smaller coins ethereum and XRP, which often move in tandem with bitcoin, fell 7.3% and 8.8%, respectively.
The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines
Bitcoin has gained more than 170% this year
the pandemic accelerated our advance into a more digital word: What might have taken 10 years has been achieved in 10 months
India's share of person-to-person virtual-currency trading in Asia has surged to 33%, the same as in China
The rout began just hours after Bitcoin rose to within $7 of its record high of $19,511, the culmination of a more than 250% surge in past nine months
Bitcoin, the world's biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close
"Honestly I've had more luck in Vegas than I've had with cryptocurrencies," said one of the investor
Bitcoin has gained nearly 40% in November alone
It's a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold
Cryptos have been big gainers in times of trouble. In that sense, cryptos are like gold; havens during uncertainty.
With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around
Bitcoin is now close to its all-time high of just under $20,000
Bitcoin has soared over 130% this year, and is up more than four-fold from its March lows
The new service makes PayPal one of the largest US companies to provide consumers access to cryptocurrencies