Bitcoin-Spot-ETF ist ein "Buy the News-Event": Pantera CEO (2024)

FAQs

Which bitcoin ETF is best? ›

Crypto ETFs allow you to gain exposure to these currencies through your regular brokerage account, eliminating the need to directly purchase and store the tokens yourself.

It's similar to a spot gold ETF, which holds physical gold bullion on behalf of its shareholders. As the first spot Bitcoin ETFs, the recently approved ETFs are the first cryptocurrency funds to trade on a major exchange and hold Bitcoin directly.

They offer benefits such as simplified access, regulatory safety, market integration, and diversification. However, investors must weigh these against the downsides like loss of true Bitcoin ownership, higher costs, market hour limitations, tracking inaccuracies, and limited trading flexibility.

Part of the reason bitcoin ETFs are so valuable is because they provide investors an opportunity to test the crypto waters in a way that's familiar (ETFs for gold, for instance, have been available since the early 2000s). It opens the door to an entirely new generation of investors.

The 11 Approved ETFs

Bitwise Bitcoin ETF (NYSE:BITB) Blackrock's iShares Bitcoin Trust (NASDAQ:IBIT) Franklin Bitcoin ETF (NYSE:EZBC) Fidelity Wise Origin Bitcoin Trust (NYSE:FBTC)

Key Takeaways. The U.S. Securities and Exchange Commission approved 11 bitcoin exchange-traded fund (ETF) applications.

Spot bitcoin ETFs hold actual bitcoin, while bitcoin futures ETFs do not. Spot ETFs are designed to hold an equivalent amount of the underlying asset that is represented by the ETF. This gives investors direct exposure to the spot price of bitcoin without having to purchase or store it themselves.

Is it better to buy Bitcoin directly or through an ETF? ›

If long-term price performance is your only investment goal, then the new Bitcoin ETFs make a lot of sense. However, you could prefer direct-asset ownership of Bitcoin if you are concerned about the regulatory or legal aspects of crypto.

Together, the market caps of Bitcoin and Ether make up about 70% of the global cryptocurrency market. Bitcoin's $1.3 trillion market cap dwarfs Ether's $460 billion market cap, but Ether's market cap is more than four times larger than any other crypto's.

From these numbers we can see that Grayscale's Bitcoin Trust (GBTC) is the largest by a wide margin. As its name implies, GBTC was originally structured as a trust, but was converted to an ETF on Jan. 11, 2024.

Clients looking for spot Bitcoin ETFs can find these and other third-party ETF and mutual fund products available at Schwab. These funds invest in cryptocurrencies, cryptocurrency futures contracts, or equities related to cryptocurrencies.

BlackRock's iShares Bitcoin BTC +3.10% Trust (IBIT) spot bitcoin exchange-traded fund (ETF) is a financial product allowing investors to gain exposure to bitcoin's price movements without owning the cryptocurrency itself.

BITO has a high risk and high reward profile, with annualized volatility at around 50%. The fund has seen a massive rally but is currently in a consolidation phase, indicating potential for another upward move.

GBTC - Performance Comparison. In the year-to-date period, BITO achieves a 30.58% return, which is significantly lower than GBTC's 46.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.

1. ProShares Bitcoin Strategy ETF (BITO) With $2.16 billion in assets under management, the ProShares Bitcoin Strategy ETF (BITO) offers a yield of more than 13%, given its annual dividend payout of $3.31. With an expense ratio of 0.95%, the BTC ETF is not too expensive.

What is Bitcoin 3x Long ETF (BTC3L)? It is a product that tracks the yield rate of underlying assets with 3 times. Using BTC3L as an example, for every 1% BTC goes up in a day, BTC3L goes up 3%; for every 1% BTC goes down, BTC3L goes down 3%.