Is there a Bitcoin ETF in the US?
Bitwise Bitcoin ETF (BITB)
The Securities and Exchange Commission (SEC) this month approved 11 spot bitcoin ETFs from issuers including BlackRock (BLK.N) , opens new tab and Invesco/Galaxy Digital, in a watershed moment for a crypto industry dogged by bankruptcies and crime.
Even as billions roll into the newly-launched spot Bitcoin ETFs, Vanguard has no plans to offer any crypto-related products, a spokesperson said.
WASHINGTON/NEW YORK, Jan 10 (Reuters) - The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world's largest cryptocurrency and the broader crypto industry.
You can invest in Bitcoin directly by using one of the major cryptocurrency exchanges, such as Coinbase or Binance. Another way to gain investment exposure to Bitcoin is to buy shares in a company with significant Bitcoin exposure, such as a Bitcoin mining company.
| ETF (ticker) | AUM |
|---|---|
| Bitwise Bitcoin ETF (BITB) | $623.1 million |
| ProShares Bitcoin Strategy ETF (BITO) | $1.8 billion |
| Volatility Shares 2x Bitcoin ETF (BITX) | $222.3 million |
| ProShares Short Bitcoin ETF (BITI) | $76.6 million |
| ETF | 1 month in % | 3 months in % |
|---|---|---|
| DDA Physical Bitcoin ETP | +3.17% | +22.64% |
| SEBA Bitcoin ETP | +3.19% | +22.78% |
| CoinShares Physical Bitcoin | +3.02% | +22.91% |
| WisdomTree Physical Bitcoin | +3.11% | +22.86% |
Fidelity Crypto
Buy and sell bitcoin and ethereum, starting with as little as $1. Trade crypto 7 days a week—23 hours a day—on our website and mobile app.
But SEC approval of spot bitcoin ETFs listed on established, regulated exchanges, such as the NYSE, Nasdaq, and Cboe Global markets, potentially opens up a new crypto inroad for investors who might otherwise not want to hold actual bitcoin.
Lack of ownership: Investing in a crypto ETF means not owning the crypto directly. Even the fund won't hold the currency directly if it's a crypto futures ETF. Deferring to the ETF management's strategy: A drawback shared by all ETFs is that you give up some control.
Is a Bitcoin ETF a good idea?
Spot bitcoin ETFs offer a regulated and accessible way for mainstream investors to invest in the digital currency. However, expenses like management fees and brokerage commissions still apply, though these are offset by not having the costs in time and exchange fees to buy and hold bitcoins directly.
Simply add up the total costs of buying Bitcoin directly on a cryptocurrency exchange such as Coinbase Global (COIN -9.22%), and then compare it to the super-low cost of owning the new ETFs. Unless Coinbase decides to lower its trading fees, it will almost always make sense to go with the lower-priced ETFs.
SAN MATEO, CA, January 11, 2024 – Franklin Templeton today launched its first digital assets-backed exchange-traded fund (ETF), the Franklin Bitcoin ETF, under the ticker EZBC.
| USD | BTC |
|---|---|
| 1 USD | 0.0000232565 BTC |
| 5 USD | 0.000116283 BTC |
| 10 USD | 0.000232565 BTC |
| 25 USD | 0.000581413 BTC |
| USD | BTC |
|---|---|
| 20 USD | 0.00045227 BTC |
| 50 USD | 0.00113068 BTC |
| 100 USD | 0.00226136 BTC |
| 200 USD | 0.00452271 BTC |
Fortunately in United States, you can buy Bitcoin on Coinbase's centralized exchange. Coinbase is the most trusted place for people and businesses to buy, sell, and manage Bitcoin. It's quick and easy. Here's a step-by-step guide on how to buy Bitcoin.
Bitcoin can be traded for other cryptocurrencies, like Ethereum, Litecoin, XRP, and more. A Bitcoin ETF would not be eligible to trade for other cryptos, as it is not a cryptocurrency but simply an investment fund that tracks the price of Bitcoin.
What is Bitcoin 3x Long ETF (BTC3L)? It is a product that tracks the yield rate of underlying assets with 3 times. Using BTC3L as an example, for every 1% BTC goes up in a day, BTC3L goes up 3%; for every 1% BTC goes down, BTC3L goes down 3%. Leverage ETF is a perpetual product that has no settlement day.
Bitcoin ETF Price Live Data
The live Bitcoin ETF price today is $0.000996 USD with a 24-hour trading volume of $2,525.48 USD. We update our ETF to USD price in real-time. Bitcoin ETF is up 0.32% in the last 24 hours. The current CoinMarketCap ranking is #5253, with a live market cap of not available.
BITI, the first short bitcoin strategy ETF, offers investors the potential to profit on days when bitcoin drops.
Is BITO better than GBTC?
GBTC - Performance Comparison. In the year-to-date period, BITO achieves a 1.42% return, which is significantly lower than GBTC's 11.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
GBTC is known for its high management fees (1.5%) compared with other pooled investment vehicles. 3 The fee structure could erode returns, especially in a bear market, making it a less cost-effective option for investors looking to gain exposure to bitcoin.
The BlackRock and Fidelity portfolios are among nine new US spot Bitcoin ETFs that began trading on Jan. 11. The more than decade-old Grayscale Bitcoin Trust — the largest fund dedicated to the token — converted into an ETF the same day.
Fidelity Physical Bitcoin ETP (Primary Ticker FBTC) is an exchange traded product (ETP) which aims to track the price of Bitcoin.
A $100 investment in Bitcoin today is unlikely to yield a fortune but could still offer solid gains in the long run. Historical data shows diminishing returns on Bitcoin investments over the years due to its increased market capitalization.
