Will we see a cryptocurrency ETF on the ASX this year?

Cryptocurrencies have once again piqued the interest of some retail investors, as the likes of Bitcoin and Ethereum have reached new all-time highs.

And this time it could be fair dinkum. There are reports institutional investors have finally started buying up electronic currencies.

Bitcoin has quadrupled in price in the past 12 months, making it one of the best-performing assets over the COVID-19 period.

But to many share investors, they remain a bit of a mystery. 

How does one acquire them? How do you store them safely? How liquid are they?

Buying shares in cryptocurrency

One idea floated for many years is the concept of a cryptocurrency-based exchange traded fund (EFT).

This would allow the convenience of just purchasing shares…