What are the cryptocurrency ETFs? List of Common Cryptocurrency ETFs

With the approval of Ethereum ETF, the price of mainstream virtual currencies such as Ethereum and Bitcoin has also increased, and the currency circle’s attention to cryptocurrency ETF has increased again. Compared with traditional cryptocurrency purchase investments, cryptocurrency ETFs do not require direct purchase and holding of cryptocurrencies, which provides convenience for cryptocurrency investment and also provides highersecurity. As an investor, before investing in ETFs, what do you need to know about cryptocurrency ETFs in advance? It is worth paying attention to. For now, the main ones are Bitcoin ETFs such as iSharesBitcoinTrust and GrayscaleBitcoinTrust. The editor below will introduce the common cryptocurrency ETFs in detail.

What are the cryptocurrency ETFs? For now, the most common cryptocurrency ETFs on the market are ValkyrieBitcoinandEtherStrategyETF, iSharesBitcoinTrust, GrayscaleBitcoinTrust, PURPOSEBITCOINETFETFUNIT, BITCOINETFUNITCAD, 3IQBITCOINETFUNIT, CIGALAXYBITCOINTRUST, ProShareETF, etc. The following is a detailed introduction: 1. ValkyrieBitcoinandEtherStrategyETF is similar to BITO

, BTF also invests in Bitcoin futures contracts, providing investors with a compliant way of exposure to Bitcoin. 2. iSharesBitcoinTrust is a Bitcoin exchange-traded fund that allows investors to indirectly participate in the Bitcoin market by purchasing fund shares. IBIT is directly linked to the price of Bitcoin, providing investors with convenient access to Bitcoin assets without directly holding or managing the cryptocurrency. 3. GrayscaleBitcoinTrust is a closed-end investment vehicle that allows investors to hold Bitcoin indirectly. It is issued and managed by Grayscale Investments, but is not an exchange-traded fund (ETF). GBTC’s NAV is based on the value of its Bitcoin holdings.
4. PURPOSEBITCOINETFETFUNIT As the world’s first approved Bitcoin spot ETF, BTCC directly holds actual Bitcoins and more closely tracks the market price of Bitcoins.
5. BITCOINETFUNITCAD is similar to BTCC

, EBIT directly holds Bitcoin, providing investors with investment returns that are highly correlated with the price of Bitcoin. 6. 3IQBITCOINETFUNIT is launched by 3iQ in cooperation with CoinShares. BTCQ directly holds and stores Bitcoin, providing investors with Bitcoin market exposure. At the same time, it relies on professional institutions to manage and store Bitcoin, which eases the direct holding of Bitcoins for investors. Bitcoin security concerns. 7. CIGALAXYBITCOINTrustBTCX also directly holds Bitcoin, providing investors with a convenient way to directly invest in Bitcoin in the Canadian market. This ETF provides a direct investment channel in the Bitcoin spot market, with certain transparency and regulatory guarantees. At the same time, as it is currently only listed in Canada, global investors may be restricted by geographical investment rules.
8. ProShareETF is the first Bitcoin futures ETF listed in the United States. BITO tracks the performance of Bitcoin futures contracts rather than directly holding Bitcoin. Through this ETF, investors can indirectly participate in Bitcoin market fluctuations without directly purchasing or storing cryptocurrencies.
9. FidelityWiseOriginBitcoinTrust Fidelity’s scale advantage is extremely strong. While the company isn’t the absolute dominant player in the ETF space, it has trillions of dollars in assets overall and will certainly recommend crypto investing to existing clients. As an asset management giant, Fidelity’s appeal cannot be underestimated. Therefore, FBTC is expected to eventually become the leading Bitcoin spot ETF product.
10. WisdomTree WisdomTree is an established company in the ETF market (ranked
9
in total assets). The company has ETFs covering cybersecurity, cloud computing and artificial intelligence, but its roots are in traditional company stocks and bonds. BTCW may attract the attention of established investors. 11. ARK21SharesCathieWood has been involved in the crypto field for many years and holds GBTC through multiple ARK funds. The current position is about $80 million, and it may all be transferred to ARKB soon. The Bitcoin ETF certainly fits ARK’s theme of disruptive innovation, and the fee of 0.21% is also very low. Given that ARK typically charges 0.75% for its actively managed funds, it can be seen that ARK has worked hard to win the market.

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