Investing in Cryptocurrency Is Risky. This Fund Is Just a Bad Idea

The exchange-traded fund has made it easier for investors to buy and sell a multitude of illiquid assets. Sometimes, that’s a problem.

ETF investors are well-served by products like the SPDR Gold Trust (ticker: GLD) and iShares Gold Trust (IAU), which enable them to own the hard asset in an ETF, for instance. The crypto world, however, hasn’t proved to be nearly as sound.

Take…