Not leveraged, but there is the Bitcoin Investment Trust (BIT / $GBTC) which trades on OTC markets, like here.The BIT owns a stash Bitcoins, and one share equals to 0.1BTC in the trust.The Bitcoin Investment Trust is currently the only publicly traded Bitcoin fund.The Bitcoin Investment Trust is owned and managed by Grayscale Investments, a Digital Currency Group company.While bitcoin prices have edged up sharply ahead of the SEC's upcoming decision on the long-in-the-works Winklevoss Bitcoin ETF, at least one major hedge fund is selling off into the rally.In an email sent today to its mailing list, Global Advisors Bitcoin Investment Fund (GABI), a Jersey-based investment vehicle that buys and sells bitcoin on behalf of investors, said it believes the market is now signaling a potential approval too strongly for its taste.Ultimately, GABI said it believes "it does not seem likely" that investors Cameron and Tyler Winklevoss will receive approval for the vehicle, which they first filed in 2013.

GABI wrote in an email today: "Without the ETF launch, should that be the case after that deadline, and with the aforementioned issues in China, we believe the market will be short of a catalyst and will have trapped some overly optimistic long positions.We will continue to reduce our exposure into the decision date."GABI goes on to write that it projects a 25% chance of approval on the decision.Either way, sources tell CoinDesk a decision is likely to happen this week."If it turns out we are wrong, and the ETF does launch, we will certainly miss a spike and will extend this month's underperformance into next," the statement continues.However, even if the ETF does not launch, GABI is optimistic bitcoin's price will head higher – even with continued scrutiny on the market from China's central bank."We think the ‘bull’ case for bitcoin will be considerably strengthened, and as such, we would expect a very protracted rally in which we will quickly seek to participate," the email reads.

Elsewhere, the firm discussed the results of trading decisions earlier in the year, highlighting how its performance has been affected by developments in China, and how it has shifted its strategy in response.bitcoin mmoLaunched in 2014, GABI received regulatory approval for its offering from the Jersey Financial Services Commission (JFSC).xbox bitcoin minerPrinciples for the fund include Jean-Marie Mognetti, Daniel Masters and Russell Newton.bitcoin cleveland ohioRead the full note here.bitcoin vendingInjured bear image via Shutterstock The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.litecoin hashrate dropping

Have breaking news or a story tip to send to our journalists?ethereal trading unionContact us at [email protected]/* bitcoin illegal in malaysia*/!function(t,e,r,n,c,a,p){try{t=document.currentScript||function(){for(t=document.getElementsByTagName('script'),e=t.length;e--;)if(t[e].getAttribute('data-cfhash'))return t[e]}();if(t&&(c=t.previousSibling)){p=t.parentNode;if(a=c.getAttribute('data-cfemail')){for(e='',r='0x'+a.substr(0,2)|0,n=2;a.length-n;n+=2)e+='%'+('0'+('0x'+a.substr(n,2)^r).toString(16)).slice(-2);p.replaceChild(document.createTextNode(decodeURIComponent(e)),c)}p.removeChild(t)}}catch(u){}}()/* ]]> */.diebold bitcoinThe rise of bitcoin, an electronic currency traded on an online exchange, has generated a media frenzy.litecoin core ubuntu

Once scoffed at, its value has risen by 631% (denominated in dollars) since the start of 2013.Lots of people think that means we’re in a bitcoin bubble and it will eventually pop.But if you’re one of these bitcoin bears, it’s not easy for you to “short” it—i.e., bet that its value will go down.The usual way to short a currency is to use a currency pair—something like EUR/USD, the value of a euro denominated in dollars—which trades as a single unit.For example, if the euro was trading at $1.3000, you would “borrow” a currency pair from your broker, which you have to return within a certain period of time, and sell it on the open market, pocketing $1.30.If after an hour EUR/USD is trading at $1.2950, you can buy the currency pair at that price and return it to your broker, making a profit of $0.0050.(If you’re wrong, you lose out.)Most of the exchanges which allow you to trade bitcoins, however, don’t currently offer anything like currency pairs, nor any other futures or derivatives.

Which means you would have to amass a stock of actual bitcoins to bet on them.One day, if bitcoin becomes well established, institutional foreign exchange dealers could make markets in bitcoins.(Among the current obstacles: There are only 11 million bitcoins in existence, and there can never be more than 21 million, so it’s not a very liquid market.If a way ever emerges to break bitcoins up into even smaller fractions, that might solve the problem, according to traders we spoke to.)But for those looking to short bitcoins right now, there are two notable ways to do it: Still, do you really want to short bitcoins?The market is still pretty volatile, and because it’s an unfamiliar mix of currency and equity, it’s likely to stay that way for a while.Remarks Cullen Roche, the founder of Orcam Financial Group, “You’d probably be better off just going to Vegas though.You’ll have more fun, about the same odds, and the drinks in the casino will be free.” .Update: Article has been amended to reflect that bitcoins can already be traded in small fractions, indeed to 0.00000001 BTC (eight decimal places).