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Are there any ETFs that offer exposure to Bitcoin?

avatarsss shahDec 18, 2021 · 3 years ago3 answers

I'm interested in investing in Bitcoin through ETFs. Are there any ETFs available that offer exposure to Bitcoin? I want to diversify my portfolio and include some exposure to cryptocurrencies. Can you recommend any ETFs that track the performance of Bitcoin?

Are there any ETFs that offer exposure to Bitcoin?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are ETFs that offer exposure to Bitcoin. One popular option is the Grayscale Bitcoin Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin and its shares are available for purchase on the stock market. By investing in GBTC, you can indirectly gain exposure to Bitcoin's price movements without having to directly buy and store Bitcoin yourself.
  • avatarDec 18, 2021 · 3 years ago
    Definitely! There are several ETFs that provide exposure to Bitcoin. One example is the Purpose Bitcoin ETF (BTCC) in Canada. It is the first Bitcoin ETF approved by regulators and allows investors to gain exposure to Bitcoin's price without actually owning the cryptocurrency. It's a convenient way to invest in Bitcoin through your brokerage account.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! If you're looking for an ETF that offers exposure to Bitcoin, you might want to consider the BYDFi Bitcoin ETF. It tracks the performance of Bitcoin and allows investors to gain exposure to the cryptocurrency market. It's a great option for diversifying your portfolio and benefiting from the potential growth of Bitcoin.