Which ETFs offer exposure to Bitcoin?
Joan M PoolDec 17, 2021 · 3 years ago3 answers
Can you recommend some ETFs that provide exposure to Bitcoin?
3 answers
- Dec 17, 2021 · 3 years agoSure! There are several ETFs that offer exposure to Bitcoin. One popular option is the Grayscale Bitcoin Trust (GBTC), which holds Bitcoin and allows investors to gain exposure to its price movements. Another option is the Bitwise 10 Crypto Index Fund (BITW), which tracks an index of the top 10 cryptocurrencies, including Bitcoin. Additionally, the Purpose Bitcoin ETF (BTCC) and the Evolve Bitcoin ETF (EBIT) are also available in Canada. These ETFs provide a convenient way for investors to gain exposure to Bitcoin without directly owning it.
- Dec 17, 2021 · 3 years agoAbsolutely! If you're looking for ETFs that provide exposure to Bitcoin, you might want to consider the VanEck Vectors Bitcoin ETN (VBTC) or the WisdomTree Bitcoin ETP (BTCW). Both of these ETFs track the price of Bitcoin and allow investors to participate in its potential upside. It's important to note that investing in ETFs carries risks, so make sure to do your own research and consult with a financial advisor before making any investment decisions.
- Dec 17, 2021 · 3 years agoYes, there are several ETFs that offer exposure to Bitcoin. One notable option is the BYDFi Bitcoin ETF (BYDBTC), which is available on the BYDFi exchange. This ETF tracks the price of Bitcoin and allows investors to easily invest in the cryptocurrency through their brokerage account. It's a convenient way to gain exposure to Bitcoin without the need to directly buy and store the cryptocurrency. However, as with any investment, it's important to carefully consider the risks and do your own research before investing in any ETF.
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