The Bitcoin ETF list is short but expected to grow rapidly as there are at least 10 new ETFs waiting for SEC approval right now. Why ETFs instead of buying the cryptocurrency? ETFs are listed on regulated public equities exchanges, protected by government oversight, can be held in tax-advantaged accounts (IRAs) and are less susceptible to loss, theft and fraud. If you want exposure to the world’s fastest growing asset with less risk and hassle than owning the digital currency ETFs are what you want. Click Here To Go Straight To The Top Bitcoin ETF’s
The Bitcoin ETF symbol depends on which one you are talking about. We dug deep into our exploration of this evolving world and share what we’ve found. The number one ETF available in the US is GBTC, the Bitcoin Investment Trust. In addition we list the top five (5) Bitcoin ETFs expected to hit the market.
The Bitcoin ETF price? Well, it is a bit volatile but with volatility comes opportunity. If you think Bitcoin will retest it’s all time high near $20,000, like we do, there is no reason why the Bitcoin ETF won’t follow close behind. In fact, based on past performance there is a high likelihood the Bitcoin ETF will trade at a premium to the underlying currency. If you are asking yourself should I invest in Bitcoins the answer is yes, even if only a fractional portion of your portfolio, because you can’t win-it if you aren’t in-it.
This Bitcoin ETF List Is Your Roadmap To Success
JP Morgan analysts described the future launch of Bitcoin ETFs as the holy grail for Bitcoin investors. They may not be a holy grail but they are an attractive choice for investors who want exposure to cryptocurrency without the risk, hassle or tax liabilities associated with owning Bitcoin. The problem is that while there are many proposed Bitcion ETFs there is only one available to investors, the Bitcoin Investment Trust.
#1 – The Leading Bitcoin ETF For Your Growth Portfolio
The Bitcoin Investment Trust – The Bitcoin Investment Trust (GBTC) is the world’s first and, in the US, only ETF available to investors. It is listed on the OTCQX board so carries more risk than a traditional ETF but again, it is the only one available. The GBTC ETF is intended to track the price of Bitcoin but has proven to trade with premium and discount to the underlying currency depending on market sentiment. The great news for smaller investors is that each share of GBTC is a fractional portion of a Bitcoin making them much less expensive to purchase while still tracking the price of the underlying asset. As of this writing, with Bitcoin trading near $9,000, the GBTC was trading near $14.85 providing investors of all sizes access to this market.
Other positive factors in GBTC’s favor is that It is eligible for tax-advantaged accounts such as IRA’s, the shares are publicly quoted with tight spreads and supported by a network of trusted industry professionals; Friedman LLP audits the company annually.
The funds assets, its Bitcoins, are held in deep cold storage vaults (offline, not connected to the internet) at Xapo, Inc., advertised as the world’s safest Bitcoin wallet & vault. They protect the Bitcoin access keys with several layers of security including encryption, physical and process security ensuring the token keys are safe from hack and attack.
Grayscale, the company behind the Bitcoin Investment Trust, also offers ETF’s on several other top cryptocurrencies including Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple and ZCash. Or, if you prefer, there is also a diversified fund called the Digital Large Cap Fund which invests across the cryptocurrency market.
The Emerging World Of Bitcoin ETF Price Explained
What is a Bitcoin ETF? An exchange traded fund intended to give investors exposure to the cryptocurrency market. They are SEC approved (in most cases) investment funds benchmarked to Bitcoin in some way. The simplest invest directly in Bitcoin, an endeavor with inherent risk. These funds have to purchase, store and secure the world’s newest and most sought after commodity. More complex funds will provide traders access to inverse or leveraged positions benchmarked to Bitcoins price, or the price of the CBOE’s futures contract.
There have been as many as 18 proposed Bitcoin ETF’s, many in the wake of the CME’s (Chicago Mercantile Exchange) Bitcoin futures launch, but most have been withdrawn due to insurmountable red tape and an impasse with the SEC. The SEC, the Securities and Exchange Commission, cannot decide if Bitcoin is a currency, or an asset, or a commodity, or if crytpocurrency trading is even legitimate, and so have not permitted a BTC ETF to be listed on a fully regulated US exchange.
The good news is that the SEC seems to be changing its views. In a letter posted to the SEC website the agency has detailed a proposal to change rules which would then allow the listing of long and short ETFs pegged to the CBOE’s or CME’s future contracts.
Regardless, there are at least 10 Bitcoin ETF’s lined up waiting for SEC approval, when they go live it will be a defining moment for Bitcoin and crytpocurrency. For the first time ever, average investors will have unrestricted access to the world’s leading blockchain technology. It will spark a flood of new investment and liquidity that will drive prices higher over the long term. Just like with the advent of cryptocurrency, early adopters of cryptocurrency ETFs will be well rewarded.
You Can Enjoy The Benefits Of A Bitcoin ETF List
There are three primary advantages of owning the ETF vs currency in a Bitcoin investment strategy. These are easier access, liquidity and integrity. In order to own Bitcoin, and to own Bitcoin in substantial quantity suitable for investment purposes, an individual must open an account with an exchange, have a wallet and the ability to store their token keys offline (cold-storage). If you buy the ETF all you need is the brokerage account you already use for traditional stock investing. An account with a Bitcoin exchange is not backed by SIPC, the Securities Investor Protection Corporation, the way a brokerage account is, putting it at risk of theft and fraud.
The Bitcoin ETF Price Risk Factor
Bitcoin is traded on numerous exchanges but they are not linked the way stock market exchanges are, there is no guarantee of “best execution”, and that poses a great risk for investors when they want to buy and sell their coins. The prices you are quoted may not be equivalent to what you see listed on other exchanges and, unless you have wallets at multiple exchanges, there is little you can do about it except wait to see if the price at your exchange will move to match what’s listed elsewhere. This means you may pay too much or get too little for your BTC tokens but this is not so with an ETF. The ETFs will have much greater liquidity because more people will be able to access them, and there will be best execution routing to ensure tight spreads, and market-makers to guarantee orders are filled, and well regulated exchanges to oversee the whole process.
These Bitcoin ETF Symbols Are A Sweet Opportunity
What are the best Bitcoin ETFs to buy? Right now the answer to that question is the one that is available. In the future that will change, here is our list of the top Bitcoin ETF’s proposed but not yet listed for trading.
#2 – This Will Be The Bitcoin ETF Price Leader
The Winklevoss Bitcoin Trust ETF – If Bitcoin is the first name in cryptocurrency then Winklevoss is the first name in cryptocurrency investing. The twins, made famous for their part in Facebook’s early development, have long been advocates of the world’s reserve cryptocurrency and the first to front a Bitcoin ETF, The BitCoin ETF to be exact, Bitcoin ETF ticker COIN.
The Winklevoss Bitcoin Trust ETF is number one on our list for a couple of reasons but the first and foremost is that it is backed by the Gemini Exchange. Gemini, if you are not aware, is one of the US leading Bitcoin exchanges and a registered New York financial institution, also founded and owned by the Winkelvoss twins.
COIN’s purpose is simple, to track the price of Bitcoin. It will do this by investing solely in Bitcoin, shares of the fund will equal a proportional ownership of the funds entire BTC holding. The fund will be listed through Bats Global Markets, a digitally based exchange service with international reach, and administered by State Street Bank And Trust Company. The funds management team has filed the necessary paperwork to list in the US and is only waiting on final SEC approval.
#3 – If One Is Good, Two Are Better
The First Trust Bitcoin Strategy ETF – The First Trust Bitcoin Strategy ETF is another prospective fund targeting Bitcoin. It’s strategy is to invest solely in BTC and to track its price over time. The fund is proposed by First Trust, a leading name in ETF’s with over $125 billion under management. It will be listed on the CBOE BZX exchange (for equities) once approved.
#4 – The Future Of Bitcoin ETFs Is Here
GraniteShares, another leader in ETF management, has also registered a proposal to list a Bitcoin based ETF. The difference with this one is that it is be benchmarked to the CBOE’s Bitcoin futures and will not be directly investing in Bitcoin. GraniteShares is also proposing a 2X Inverse Bitcoin ETF for short term traders looking to cash in on volatility within the cryptocurrecy market. It will trade on the CBOE BZX exchange when it is approved.
#5 – Leverage Bitcoin To Advantage In Your Portfolio
Direxion, a leader in leveraged ETFs, has proposed a series of Bitcoin based funds to suit a variety of trading styles. The funds provide exposure to daily long and short positions benchmarked to the CBOE’s front month Bitcoin Futures product. The funds include the Direxion Daily Bitcoin Bear 1X Shares, Direxion Daily Bitcoin 1.25X BullShares, Direxion Daily Bitcoin 1.5X Bull Shares, Direxion Daily Bitcoin 2X Bull Shares and Direxion Daily Bitcoin 2X Bear Shares
This Is The Best Way To Invest In Bitcoin Price Movement
If you want to invest in bitcoin and don’t want the risk, the hassle and the headache a Bitcoin ETF is the best way. There is only one choice right now, the Bitcoin ETF GBTC, but more are on the way. As the Bitcoin ETF list grows so too will Bitcoins market price and the Bitcoin ETF price, providing long term gains for the early investors. The best part is that the Bitcoin ETF symbol GBTC can be bought and held in your IRA account.