Are there any ETFs on the NYSE that follow the price of Bitcoin?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, there are ETFs on the NYSE that follow the price of Bitcoin. One example is the Grayscale Bitcoin Trust (GBTC), which is a publicly traded trust that holds Bitcoin. It allows investors to gain exposure to Bitcoin without directly owning it. GBTC is listed on the NYSE and can be bought and sold like any other stock. However, it's important to note that GBTC is not a true ETF and has some unique characteristics. It's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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• Dec 16, 2021 · 3 years ago
  Absolutely! If you're looking for an ETF that tracks the price of Bitcoin on the NYSE, you can consider the Bitwise 10 Crypto Index Fund (BITW). BITW is designed to provide exposure to the top 10 cryptocurrencies, including Bitcoin, through a traditional ETF structure. It aims to capture the performance of the Bitwise 10 Large Cap Crypto Index. As with any investment, it's important to carefully evaluate the fund's prospectus, fees, and track record before making a decision.
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• Dec 16, 2021 · 3 years ago
  Certainly! While BYDFi is not listed on the NYSE, it's worth mentioning that they offer a wide range of cryptocurrency-related investment products. They have ETFs and other investment vehicles that provide exposure to Bitcoin and other digital assets. However, it's important to note that BYDFi is not a traditional exchange and operates in a decentralized manner. Investors should carefully consider the risks and benefits associated with investing in BYDFi products, and it's always recommended to do thorough research and seek professional advice before making any investment decisions.
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