"Bitcoin Stocks" Get a New Member as Cboe Launches Bitcoin Futures on Sunday, Dec. 10

The price of bitcoin, the oldest and largest cryptocurrency by market cap, has skyrocketed 1,578%, from less than $1,000 to $15,973 in 2017, as of 4:00 p.m. ET on Dec. 7. (The price provided here is from the Bitcoin Index on the NYSE, which jumped 19.3% today.)

Investing directly in bitcoin via a decentralized bitcoin-specific exchange or by buying Bitcoin Investment Trust, which holds bitcoins, is very risky. While the price of bitcoin could continue to defy gravity for some time, it could also plummet at any time.

There’s a less risky way for investors to get a piece of the bitcoin craze: lnvest in one of the two holding companies, Cboe Global Markets (NASDAQ: CBOE) and CME Group (NASDAQ: CME), that own the U.S. financial exchanges on which bitcoin futures will soon start trading.

Source: Fool.com