What are the top ETF Bitcoin trackers available?

3 answers

• Nov 23, 2021 · 3 years ago
  Sure! One of the top ETF Bitcoin trackers available is the Grayscale Bitcoin Trust (GBTC). It is a publicly traded investment product that enables investors to gain exposure to Bitcoin without actually owning the cryptocurrency. GBTC is backed by Bitcoin and its shares are traded on the OTCQX market. It offers a convenient way for investors to invest in Bitcoin through their brokerage accounts. However, it's important to note that GBTC trades at a premium to the underlying Bitcoin holdings, which can affect its performance compared to directly holding Bitcoin.
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• Nov 23, 2021 · 3 years ago
  Definitely! Another popular option is the Bitwise 10 Crypto Index Fund (BITW). This ETF tracks the Bitwise 10 Large Cap Crypto Index, which is a diversified index of the top 10 cryptocurrencies. BITW provides exposure to Bitcoin as well as other major cryptocurrencies like Ethereum, Ripple, and Litecoin. It offers a more diversified approach to investing in the crypto market and can be a good choice for investors looking for exposure to multiple cryptocurrencies through a single investment.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers an ETF Bitcoin tracker called the BYD Bitcoin Tracker (BYDBTC). This tracker aims to provide investors with a simple and efficient way to gain exposure to Bitcoin through an ETF. It tracks the performance of Bitcoin and allows investors to buy and sell shares on the exchange. BYDBTC offers competitive fees and a user-friendly interface, making it a popular choice among investors. However, it's always important to do your own research and consider your investment goals and risk tolerance before investing in any ETF Bitcoin tracker.
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