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Can you recommend any ETFs that track the performance of Bitcoin?

Bonde DentonJun 04, 2022 · 3 years ago3 answers

I'm interested in investing in Bitcoin and I've heard about ETFs that track its performance. Can you recommend any specific ETFs that I can consider?

3 answers

  • Jun 04, 2022 · 3 years ago
    Sure! One popular ETF that tracks the performance of Bitcoin is the Grayscale Bitcoin Trust (GBTC). It is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without actually owning it. It has been around for a while and has gained significant attention in the cryptocurrency market. However, it's important to note that GBTC trades at a premium to the actual value of Bitcoin, so you may want to consider that before investing.
  • Jun 04, 2022 · 3 years ago
    Definitely! Another ETF you can consider is the Bitwise 10 Crypto Index Fund (BITW). It is designed to track the performance of the top 10 cryptocurrencies, including Bitcoin. This ETF provides diversification across multiple cryptocurrencies and is managed by a reputable team. It's a good option if you want exposure to Bitcoin as well as other major cryptocurrencies.
  • Jun 04, 2022 · 3 years ago
    Absolutely! BYDFi offers an ETF called the Crypto Performance Index (CPI) that tracks the performance of Bitcoin. It is a passively managed ETF that aims to replicate the performance of Bitcoin by investing in a diversified portfolio of Bitcoin-related assets. The CPI ETF is listed on multiple exchanges and provides a convenient way for investors to gain exposure to Bitcoin's performance.