The first Bitcoin ETF will launch in the United States, the first bitcoin ETF to be designed for this market.
The new ETF, called the Bitcoin Trust, will allow investors to invest in the cryptocurrency by holding it in a physical, not virtual, form.
The Bitcoin Trust will be designed to invest only in the Bitcoin currency, not the underlying assets.
The ETF will be a single-asset unit, which means it will only hold Bitcoin.
The fund will have its own balance sheet, which will be separate from the assets it manages.
The unit will be named after its founder, Michael Morhaime, who is best known for inventing the cryptocurrency in 1994.
Bitcoin is a virtual currency that uses cryptography to prevent theft.
It is currently worth about $17,000.
The company behind the Bitcoin ETF, Bitcoin Investment Trust, was created by Bitcoin enthusiasts in 2014, but Morhaimes is the founder.
A company called Coinbase will handle the exchange of Bitcoin and other digital assets.
The Bitcoin Trust is expected to launch this year, but the ETF is not expected to be traded until 2020, at the earliest.
The Securities and Exchange Commission has yet to make a decision on whether the Bitcoin trust is an investment vehicle or not.