Bitcoin investment trust ready for public trading

The world of digital currencies could be dramatically transformed this month, as the Bitcoin Investment Trust is ready for public trading.

The fund holds bitcoin in a trust that investors can buy share in, a move that is thought to help stabilise the currency and opens up the sector for investors. While the trust has been a private fund since 2013, though, the FINRA has given regulatory approval to trade publicly on the TCQX marketplace.

The share price is approximately one-tenth of one bitcoinc's selling price minus fees, explains CNN, with may shares surpassing their year-long holding period.