Forex market exchanges like ForexCharts, FX-Trader and ForexExchange.com are set to offer bitcoin ETFs.
Bloomberg first reported the news.
The move comes as the U.S. Securities and Exchange Commission is expected to announce it will launch a bitcoin ETF this year.
Bitcoin is a digital currency that has gained widespread use in the last year or so, with companies such as Coinbase, BitPay, Bitstamp, and others offering trading tools and services for buying and selling bitcoin.
It has become an increasingly popular investment option for the rich and powerful as they look to diversify their holdings and gain exposure to a volatile asset class.
A bitcoin ETF would mark a move to the emerging market of bitcoin that is gaining traction in emerging markets, particularly China, the world’s second-largest economy.
It would also add to the wealth of bitcoin enthusiasts who are seeking a way to diversified their holdings.
The SEC will announce its bitcoin ETF, according to Bloomberg.
A spokeswoman for the agency could not immediately be reached for comment.
The news comes as Bitcoin futures are expected to start trading this week.
Futures trading has been limited in recent years to a small subset of the $8 trillion market, but traders have been able to trade futures contracts on major exchanges such as CBOE, NYSE and NASDAQ.
The Nasdaq is the largest U.K. exchange for bitcoin futures and it plans to launch the first bitcoin futures market next week, said David Green, chief executive officer of the exchange.
“We believe it will be an important stepping stone for other markets in the near future,” he said.
Bitcoin ETFs have been floated in recent weeks, but they were not an immediate success.
An investor who lost a large amount of money in the bitcoin futures scheme in December lost nearly $4 million on the initial market, according an analysis by Bloomberg.
The first bitcoin ETF was a failed attempt to raise $1 billion from investors.
But that failed, too.
Investors who put money into the first fund have since received their money back.
The announcement comes as bitcoin continues to rise in value and the SEC plans to announce a new bitcoin ETF.