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But as Brian Kelly, portfolio manager of the BKCM Digital Asset Fund, told CNBC, the time is ripe to buy Bitcoin, when "everyone is saying it's over, Bitcoin is dead.
REX Shares, a provider of alternatives strategy funds and exchange-traded funds, is partnering with Brian Kelly, founder and CEO of BKCM, to develop a line of ETFs and other funds designed to give investors exposure to the blockchain technology, cryptocurrency and digital assets sectors.
According to the press release, REX and BKCM see a large demand for regulated investment products that give exposure to the potential value creation taking place with the evolution of cryptocurrencies and blockchain technology.