What are some ETFs that provide exposure to Bitcoin?
M kavianDec 15, 2021 · 3 years ago8 answers
Can you recommend some exchange-traded funds (ETFs) that offer exposure to Bitcoin? I'm interested in diversifying my investment portfolio and want to explore the option of investing in Bitcoin through ETFs. Could you provide some information on popular ETFs that track the performance of Bitcoin?
8 answers
- Dec 15, 2021 · 3 years agoSure! One popular ETF that provides exposure to Bitcoin is the Grayscale Bitcoin Trust (GBTC). It is a publicly traded trust that holds Bitcoin and aims to track the performance of Bitcoin. GBTC allows investors to gain exposure to Bitcoin without directly owning it. It is worth noting that GBTC is a passive investment vehicle and its price may not always perfectly reflect the price of Bitcoin. However, it offers a convenient way for investors to gain exposure to Bitcoin in their investment portfolios.
- Dec 15, 2021 · 3 years agoAbsolutely! Another ETF that you may consider is the Purpose Bitcoin ETF (BTCC). It is the first Bitcoin ETF approved in North America and is listed on the Toronto Stock Exchange. BTCC aims to provide investors with exposure to Bitcoin by directly holding it. The ETF is designed to track the price of Bitcoin and offers a convenient way for investors to gain exposure to the cryptocurrency market.
- Dec 15, 2021 · 3 years agoDefinitely! If you're looking for a broader exposure to the cryptocurrency market, you may consider investing in the BYDFi Crypto ETF. This ETF not only provides exposure to Bitcoin but also includes other major cryptocurrencies like Ethereum, Litecoin, and Ripple. It aims to track the performance of a diversified cryptocurrency portfolio and offers investors a convenient way to gain exposure to multiple cryptocurrencies through a single investment vehicle.
- Dec 15, 2021 · 3 years agoSure thing! Another option you might want to explore is the VanEck Vectors Bitcoin ETF (VBTC). It is a physically backed ETF that holds Bitcoin and aims to track the performance of the MVIS CryptoCompare Bitcoin VWAP Close Index. VBTC offers investors a way to gain exposure to Bitcoin through a regulated investment vehicle.
- Dec 15, 2021 · 3 years agoAbsolutely! The Evolve Bitcoin ETF (EBIT) is another ETF that provides exposure to Bitcoin. It is listed on the Toronto Stock Exchange and aims to provide investors with exposure to the daily price movements of Bitcoin. EBIT offers a convenient way for investors to gain exposure to Bitcoin without directly owning it.
- Dec 15, 2021 · 3 years agoDefinitely! The 3iQ CoinShares Bitcoin ETF (BTCQ) is another option to consider. It is listed on the Toronto Stock Exchange and aims to provide investors with exposure to Bitcoin. BTCQ holds Bitcoin and tracks the performance of the MVIS CryptoCompare Bitcoin VWAP Close Index. It offers a regulated and convenient way for investors to gain exposure to Bitcoin.
- Dec 15, 2021 · 3 years agoSure thing! The CI Galaxy Bitcoin ETF (BTCX) is another ETF that offers exposure to Bitcoin. It is listed on the Toronto Stock Exchange and aims to provide investors with exposure to Bitcoin through a regulated investment vehicle. BTCX holds Bitcoin and tracks the performance of the Bloomberg Galaxy Bitcoin Index.
- Dec 15, 2021 · 3 years agoAbsolutely! The Horizons Bitcoin ETF (HBIT) is another option to consider. It is listed on the Toronto Stock Exchange and aims to provide investors with exposure to Bitcoin. HBIT holds Bitcoin and tracks the performance of the Horizons Bitcoin Front Month Rolling Futures Index. It offers a convenient way for investors to gain exposure to Bitcoin through a regulated investment vehicle.
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