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Original story follows:
Looking for the Bitcoin stock symbol is not as straightforward as you might think.
While you can buy and sell Bitcoin on Bitcoin exchanges as you might a stock or commodity, the digital currency doesn't have a universally recognized stock symbol.
Technically speaking, there's no such thing as a "Bitcoin stock symbol," although there are several tickers associated with Bitcoin.
Confusing matters further are the Bitcoin-related investments that have ticker symbols.
To help clarify this murky situation, Money Morning is listing here all the known Bitcoin stock symbols – those associated with the trading of the digital currency itself as well as related investments.
Let's start with those ticker symbols currently used to identify Bitcoin itself.
A Bitcoin Stock Symbol List
- Bitcoin Stock Symbol No. 1: XBT
While not official, the symbol XBT has become the generally accepted symbol to represent Bitcoin in the context of other currencies. To be more accurate, XBT is the unofficial currency code for Bitcoin, just as USD is the code for the U.S. dollar and EUR represents the euro. The preceding "X" denotes that Bitcoin is an international currency linked to no particular country.
- Bitcoin Stock Symbol No. 2: BTC
BTC is more of an abbreviation than a stock symbol. It sprung up because the Bitcoin sign, a capital "B" with a short horizontal line across the vertical stroke (Ƀ), requires a trip to the Symbol menu. But it's commonly used in the Bitcoin community. BTC is also the symbol you need to look up the Bitcoin price in various currencies in a Google search. So to find the price of 1 bitcoin in Japanese yen, you simply type "BTC JPY."
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- Bitcoin Stock Symbol No. 3: NYXBT
In May the New York Stock Exchange launched its NYSE Bitcoin Index with the symbol NYXBT to track the price of the digital currency. It's currently based on just one source, the Coinbase Exchange. NYSE publishes it once a day, within two hours of 4 p.m. in the UK. It's pretty new, so it's not on every financial news site yet.
- Bitcoin Stock Symbol No. 4: $BCOIN
Marching to the beat of its own drummer, the website StockTwits adopted $BCOIN to represent the digital currency. Because StockTwits links to Twitter, the symbol will turn up there as well.
About the Author
David Zeiler, Associate Editor for Money Morning at Money Map Press, has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.