Bitcoin

The goal of Flourish Crypto is to help advisors treat digital currencies like any other asset class.

Matthew Hougan, chief investment officer of Bitwise Asset Management, said investing in cryptocurrencies is like “investing in the internet in the late 1990s.”

The firm cited investor appetite for virtual currencies, the growth of Bitcoin holders and the existence of similar funds abroad as reasons to approve the product.

The brokerage will allow customers to buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring controversy.

It’s easier than ever to open up a Robinhood or Coinbase account to buy cryptocurrency.

Digital currencies are gaining interest, but there are still many reasons to be cautious.

A legacy insurance institution has entered a placement agent agreement with cryptocurrency platform NYDIG.

David LaValle, former chief executive officer of custom index provider Alerian, will drive the effort to convert the $25 billion Grayscale Bitcoin Trust into an exchange-traded fund.

His embrace of volatile cryptocurrencies for mainstream investors is a major shift from the cautious world of fiduciary advice that’s synonymous with his namesake firm.