Bitcoin is a digital currency that has been on the rise in recent years. As the price of Bitcoin has increased, more and more people have become interested in investing in it. However, investing in Bitcoin can be risky, as it is a volatile asset.
One way to reduce the risk of investing in Bitcoin is to invest in an ETF. An ETF is a type of investment fund that tracks the price of an underlying asset, such as Bitcoin. This means that when you invest in an ETF, you are essentially investing in a basket of Bitcoin.
There are a number of different ETFs available that track the price of Bitcoin. In this article, we will discuss the top 10 best ETFs for Bitcoin in 2023-2024.
Table of Contents
Here are the top 10 best ETFs for Bitcoin in 2023-2024:
- ProShares Bitcoin Strategy ETF (BITO)
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Pros:
- Low expense ratio
- High liquidity
- Trades on the NYSE Arca
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Cons:
- Tracks futures contracts, not spot Bitcoin
- Not available in all countries
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Pros:
- Grayscale Bitcoin Trust (GBTC)
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Pros:
- Tracks spot Bitcoin
- High liquidity
- Available in most countries
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Cons:
- High expense ratio
- Not a true ETF
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Pros:
- VanEck Bitcoin Strategy ETF (XBTF)
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Pros:
- Low expense ratio
- Tracks futures contracts, not spot Bitcoin
- Trades on the Cboe BZX Exchange
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Cons:
- Not available in all countries
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Pros:
- First Trust Indxx Bitcoin Trust (BITW)
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Pros:
- Low expense ratio
- Tracks futures contracts, not spot Bitcoin
- Trades on the Nasdaq Stock Exchange
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Cons:
- Not available in all countries
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Pros:
- Invesco Bitcoin Strategy ETF (BTCX)
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Pros:
- Low expense ratio
- Tracks futures contracts, not spot Bitcoin
- Trades on the Nasdaq Stock Exchange
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Cons:
- Not available in all countries
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Pros:
- *BIT Digital ETF (BIT)
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Pros:
- Tracks the price of Bitcoin directly
- Low expense ratio
- Trades on the Nasdaq Stock Exchange
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Cons:
- Not as liquid as other ETFs on this list
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Pros:
- *Galaxy Digital Bitcoin ETF (GBTC)
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Pros:
- Tracks the price of Bitcoin directly
- High liquidity
- Trades on the NYSE Arca
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Cons:
- High expense ratio
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Pros:
- *Purpose Bitcoin ETF (BTCC)
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Pros:
- Tracks the price of Bitcoin directly
- Low expense ratio
- Trades on the Toronto Stock Exchange
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Cons:
- Not available in the United States
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Pros:
- *3iQ Bitcoin ETF (QBTC)
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Pros:
- Tracks the price of Bitcoin directly
- Low expense ratio
- Trades on the Toronto Stock Exchange
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Cons:
- Not available in the United States
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Pros:
- *CoinShares Bitcoin ETF (BITC)
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Pros:
- Tracks the price of Bitcoin directly
- Low expense ratio
- Trades on the London Stock Exchange
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Cons:
- Not available in the United States
-
Pros:
Quote:
“The future of Bitcoin is uncertain, but it is clear that it is a disruptive technology with the potential to change the way we think about money. As more and more people invest in Bitcoin, it is likely that ETFs will become a more popular way to do so. The ETFs on this list offer a convenient and diversified way to invest in Bitcoin, and they are a good option for investors who are looking to get exposure to this emerging asset class.”
BTC Mox
Factors to consider when choosing an ETF for Bitcoin:
- Expense ratio: The expense ratio is the fee that you pay to the ETF manager for managing the fund. It is important to choose an ETF with a low expense ratio, as this will eat into your profits over time.
- Liquidity: Liquidity refers to how easily you can buy and sell an ETF. It is important to choose an ETF that is liquid, so that you can easily exit your position if you need to.
- Track record: It is important to choose an ETF that has a good track record. This means that the ETF has been around for a while and has performed well in the past.
- Country availability: Some ETFs are only available in certain countries. It is important to choose an ETF that is available in your country, so that you can easily buy and sell it.
Conclusion:
ETFs are a convenient and diversified way to invest in Bitcoin. The ETFs on this list offer a good option for investors who are looking to get exposure to this emerging asset class. When choosing an ETF for Bitcoin, it is important to consider the expense ratio, liquidity, track record, and country availability.
