What are the alternatives to a Bitcoin ETF for US-based investors?

3 answers

• Dec 17, 2021 · 3 years ago
  One alternative for US-based investors who want to invest in Bitcoin is to buy Bitcoin directly from a cryptocurrency exchange. There are several reputable exchanges available, such as Coinbase, Kraken, and Binance. By signing up for an account on one of these exchanges, you can deposit funds and purchase Bitcoin. However, it's important to note that buying Bitcoin directly from an exchange may require you to go through a verification process and comply with certain regulations. Additionally, you'll need to securely store your Bitcoin in a digital wallet to ensure its safety.
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• Dec 17, 2021 · 3 years ago
  Another alternative for US-based investors is to invest in Bitcoin through a Bitcoin trust. Grayscale Bitcoin Trust (GBTC) is a popular option for investors who want exposure to Bitcoin without directly owning the cryptocurrency. GBTC is a publicly traded trust that holds Bitcoin, and its shares can be bought and sold on the stock market. However, it's important to note that GBTC shares can trade at a premium or discount to the actual value of the Bitcoin held by the trust, so investors should carefully consider the potential risks and rewards before investing.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a decentralized finance platform, offers an alternative for US-based investors to invest in Bitcoin. Through BYDFi, investors can participate in decentralized lending and borrowing protocols that allow them to earn interest on their Bitcoin holdings or borrow against their Bitcoin collateral. This provides an opportunity for investors to generate passive income or access liquidity without relying on a Bitcoin ETF. However, it's important to note that decentralized finance platforms like BYDFi operate on blockchain networks and may have different risks and considerations compared to traditional financial institutions.
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