The bitcoin investing mania is spilling into stocks [MoneySense]
ProShares Equities for Rising Rates ETF (EQRR)
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Source: MoneySense
Bitcoin The bitcoin buzz has turned up a few more notches, a tonne more than is healthy for any serious investment vehicle. But it’s hardly surprising considering its value has increased about tenfold this year, smashing last week through an US$11,000 per unit valuation. At one point last week it gained US$1,000 in just 12 hours – a terrific way to make a bundle for anyone who could time that right. Market cap has surpassed a staggering US$250 billion. Similarly ethereum, a rival cryptocurrency started in Canada and a popular platform for app developers, has hit a record high. It’s currently trading around US$442 with a market cap of more than US$42 billion. In a milestone move, the CME Group said Friday it would bring bitcoin out of the Wild West and into the mainstream a bit, by offering investors the opportunity to trade bitcoin futures, with a traditional trading window and circuit filters that would not only curb volatility but give skeptics a chance to sell the mar
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