What do bitcoin and marijuana have in common? You might be able to think of more than one answer to that question, but here’s the most salient for investors: Neither is available in an ETF wrapper in the United States.
That’s not too surprising. Bitcoin has only recently entered mainstream consciousness and has a reputation for being a volatile, unregulated asset. Meanwhile, marijuana, while gaining acceptance in some states, is still illegal to possess, according to federal law in the United States.
In that context, it’s not a shock that there’s no bitcoin or marijuana exchange-traded products listed on U.S. exchanges―at least not yet―though it’s not for want of trying.