An exchange traded fund focused on disruptive companies was the first to add bitcoins, a form of cryptocurrency, to its portfolio and the move is paying off as the digital currency rallied in recent weeks.The ARK Web x.0 ETF (NYSEArca: ARKW) was the best performing non-leveraged ETF over the past month, increasing 16.5%.ARKW is an actively managed ETF that focuses on disruptive companies that help transform the market and was the first ETF to invest in bitcoins after the portfolio manager acquired publicly traded shares of Grayscale’s Bitcoin Investment Trust (OTCQX: GBTC).ARKW’s original exposure to GBTC was only 0.3% of its overall portfolio, but now, the Bitcoin Investment Trust is the largest single component in the active ETF, making up 8.8% of the overall portfolio after it surged 270.9% over the past month.GBTC, which is quoted on the over-the-counter market, buys and sells bitcoin with a standard brokerage account in the U.S.and is structured as an open-end trust.The Bitcoin Investment Trust, though, has jumped after anticipation that Grayscale Investments, a firm run by tech entrepreneur Barry Silbert, could raise $500 million in an IPO for its flagship fund.

The Trust, which could IPO in October, has since increased its IPO size to $1 billion.The Bitcoin Investment Trust also strengthened as the underlying Bitcoin cryptocurrency now trades at around $2,268.6 after jumping 57.5% over the past month.Fund provider ARK Invest believes that bitcoin, a form of digital currency that has been growing in popularity as an alternative to traditional paper currencies, could disrupt the $500 billion intermediary payment platform industry, which covers credit cards, electronic payments and remittances.The new form of currency has already gained wide acceptance from major companies, such as Dell (NasdaqGS: DELL), Overstock (NasdaqGS: OSTK) and Expedia (NasdaqGS: EXPE), among others.Bitcoin is a decentralized digital currency, or cryptocurrency, based on a peer-to-peer network and can be exchanged through computers internationally without a financial intermediary.The system was first introduced by an unidentified programmer or group under the name of Satoshi Nakamoto in 2009.

ARKW tracks a number of companies that benefit from increase use of shared technology, infrastructure and services in cloud computing, big data, social media, internet, devices and gateways, e-commerce, media ecosystems, health care, sharing economy, point of sale, telecom and cryptocurrencies.2U Inc 4.3%, HortonWorks 4.1%, Tesla 3.9%, Nvidia 3.9%, Netflix 3.3%, Alphabet Inc 3.2% and Facebook 3.2%, with a heavy 67.5% tilt toward tech sector picks, along with 25.7% consumer discretionary and 5.0% financial services.Kimihiro Hoshino If you've been missing the Winklevoss twins (and who hasn't), they're back in the news again with a plan to offer shares to the public that would give investors exposure to the value of digital currency Bitcoins.Cameron and Tyler Winklevoss, who alleged that Facebook founder Mark Zuckerberg stole their idea for the website, have amassed nearly $11 million worth of Bitcoins, according to a report in the New York Times in April.The Winklevoss-Zuckerberg feud was portrayed in the 2010 film "The Social Network."

Winklevoss Bitcoin Trust, which is designed to operate like an exchange-traded fund, will initially sell $20 million worth of shares, with each share worth a fraction of a Bitcoin, a filing with the Securities and Exchange Commission showed on Monday.sms za bitcoinThe shares are aimed at investors "seeking a cost-effective and convenient means to gain exposure to Bitcoins with minimal credit risk," the prospectus reads.bitcoin episode good wifeBitcoins are a form of electronic money that is not managed by a single company or government.litecoin playstationThey are "mined" by software running a set of algorithms and their release is tightly controlled, mimicking a central banking system's control over the minting of money.pagare bitcoin con paypal

The value of a Bitcoin has been extremely volatile since the start of the year, rising from $13 in January to a peak of $266 in April and back down to around $100 last week.bitcoin rent miningBitcoins have been touted by some as the future of money and gained in prominence amid the euro zone sovereign debt crisis as more people questioned the safety of holding their cash in the bank.moon bitcoin scamBut others dismiss the currency as a Ponzi Scheme and authorities worry about its lack of regulation.authorities seized two accounts linked to a major operator in the Bitcoin digital currency market.The identical twins settled a lawsuit with Facebook in 2008 for cash and stock then valued at $65 million.More business news: Student interest rates just doubled -- what now?Cut back on Champagne and caviar, Jeeves, it's too expensive now!Microsoft's Xbox chief leaving to head ZyngaGuzzling printers can waste $100 of ink a yearHave you worked for a mortgage servicer?

Tell us your story business onTwitter and FacebookBarry Silbert’s Bitcoin Investment Trust is poised to become the first publicly traded bitcoin fund, with approval and assignment of a ticker symbol by the financial industry’s main self-regulatory body paving the way for trading on an electronic platform operated by OTC Markets Group.The BIT, which was first launched in 2013 as a private fund for accredited investors with annual incomes greater than $200,000 or assets of more than $1 million, has been racing against a rival offering by twins Cameron and Tyler Winklevoss,... Most Popular Videos Film Clip: 'The Big Sick' A New Road to Income: Barron's Buzz 'Bridge Crew': Voice Command Comes to 'Star Trek' VR Videogame Lower Your Wireless Bill With These Tips Opinion Journal: Macron vs.Skip to content Grayscale Investments, LLC, a New York City-based wholly-owned subsidiary of Digital Currency Group, Inc., has filed for a $500m IPO for the Bitcoin Investment Trust.