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Finance pros want in on the cryptocurrency boom

Illustration: Rebecca Zisser / Axios

Bitcoin and Ethereum are no longer just for libertarian geeks and their Reddit pals. That became clear last week when a day-long conference about cryptocurrency hedge funds in San Francisco was filled with suits instead of t-shirts and hoodies. Cryptocurrency is the next "it" thing in trading, and the professionals know it. (Except for Jamie Dimon.)

Why it matters: Regulators around the world are grappling with the rise of cryptocurrencies and, more recently, initial coin offerings. This will become increasingly important as more financial professionals want to make a business out of it.