Adding to Bitcoins’ claim to legitimacy, EBay (NasdaqGS: EBAY) revealed that PayPal will now allow merchants to accept bitcoin as payment on Monday, Bloomberg reports.
Due to their growing popularity, two firms have been working on Bitcoin-related investment products.
In May, a regulatory filing revealed the Winklevoss Bitcoin Trust will trade on the Nasdaq. An updated filing showed the ETF will trade on the Nasdaq under the ticker “COIN.” [Ticker Announced for Bitcoin ETF]
SecondMarket’s Bitcoin Investment Trust (BIT) has been available to accredited investors. Barry Silbert, founder and chairman of SecondMarket Holdings Inc., aims to convert BIT into a plublicly tradable Bitcoin fund in the fourth quarter of this year. [The Bitcoin ETF You Haven’t Heard About]
For more information on the cryptocurrency, visit our bitcoin category.
Max Chen contributed to this article.