CRYPTO INSIDER: Betting on bitcoin is about to get easier

People wait for the start of a race at the San Siro horseracing center in Milan May 23, 2009.

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People wait for the start of a race at the San Siro horseracing center in Milan May 23, 2009.
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REUTERS/Alessandro Garofalo

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It’s about to get a lot easier to bet on the price of bitcoin. Grayscale’s Bitcoin Investment Trust, a vehicle that seeks to track the price of the cryptocurrency, announced a 91-for-1 split that will bring the price of a single share down from $1,860 to roughly $20.

Here are the current standings:

What’s happening: