It's gathering ideas on how exchange traded products like listed investment companies, and even unlisted managed funds, can give investors exposure to cryptocurrencies like Bitcoin while still providing a well-managed investment.

It's an interesting conundrum because digital currencies like Bitcoin are largely unregulated.

However, ASIC is motivated by the weight of investor interest. With safe haven investments like savings accounts delivering returns approaching zero, it's understandable that plenty of Australians are looking for alternative assets with the potential for healthy returns - and Bitcoin is among them.

A Finder survey revealed that 17 per cent of Australians - equivalent to 3.3 million people - now own a form of cryptocurrency. That's up from 12 per cent back in January.

Cryptocurrencies already feature in stock exchange listed products elsewhere in the world. We've seen, for example, the launch of Bitcoin-based exchange traded funds (ETFs) in Canada.

But just because people want to tip money into digital currencies doesn't make them a great investment. Worryingly, plenty of ordinary Australians are likely still losing money on Bitcoin.

As a guide, Bitcoin started 2021 trading at around $50,000 (I'll stick with Aussie dollars here). By late April it was worth over $80,000. Great news if you'd stocked up in January. Not so great if you bought Bitcoin in May, when it started a downward run. As I write in early July, Bitcoin is trading at $45,500.

Is the rollercoaster ride of Bitcoin and other cryptocurrencies worth it? Let's look at it this way. The Aussie sharemarket has dished up total returns - dividends plus capital growth - of 27.5 per cent over the past 12 months; 10.9 per cent annually over the past five years; and an average of 8.95 per cent per annum over the past 10 years.

Those are very solid returns. Even better, the returns are a mix of ongoing dividends plus capital gains.

By contrast, Bitcoin and other cryptocurrencies only offer capital gains. There are no ongoing returns. So you need to sell the digital currency to cash in your profits. Get your timing wrong, and your investment could be worth a lot less than the price you paid for it.

Maybe you can handle the volatility and risks of cryptocurrency speculation, though I'd be inclined to only tip in what you can afford to lose. For a well-regulated investment, the Aussie sharemarket has a strong track record of delivering healthy long-term gains.