What are the popular ETFs for investing in Bitcoin?
Solomon SummersDec 16, 2021 · 3 years ago3 answers
Can you recommend some popular ETFs that are suitable for investing in Bitcoin? I'm interested in diversifying my investment portfolio and want to explore the option of investing in Bitcoin through ETFs. What are some well-known and reputable ETFs that offer exposure to Bitcoin?
3 answers
- Dec 16, 2021 · 3 years agoSure! One popular ETF for investing in Bitcoin is the Grayscale Bitcoin Trust (GBTC). It is a publicly traded investment vehicle that holds Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Another well-known option is the Bitwise 10 Crypto Index Fund (BITW), which tracks the performance of the top 10 cryptocurrencies, including Bitcoin. Both of these ETFs provide a convenient way to invest in Bitcoin through traditional brokerage accounts.
- Dec 16, 2021 · 3 years agoIf you're looking for a more diversified approach, you might consider the ARK Next Generation Internet ETF (ARKW). While it is not solely focused on Bitcoin, it invests in various innovative technologies, including blockchain and cryptocurrency-related companies. This ETF offers exposure to Bitcoin indirectly through its holdings in companies involved in the cryptocurrency space.
- Dec 16, 2021 · 3 years agoBYDFi, a leading digital asset exchange, also offers a Bitcoin ETF called BYD Bitcoin Tracker (BYDBTC). It provides investors with a simple and efficient way to gain exposure to Bitcoin's price movements. BYDBTC is designed to track the performance of Bitcoin and can be traded on the BYDFi platform. It's worth considering if you prefer to invest in Bitcoin through a dedicated digital asset exchange.
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