Just ten days into the new year, the United States Securities and Exchange Commission (SEC) has approved a slew of Spot Bitcoin ETFs. If some massive asset managers issue the investment product first, their popularity is likely to soar. Subsequently, this guide will explain where to buy Spot Bitcoin ETFs.
The initial approval resulted in a total of 11 Spot Bitcoin ETFs officially receiving the green light. Still, for those unfamiliar with these investment products, knowing how to start investing can be a bit of a learning curve.
Spot Bitcoin ETFs are an investment product that allows investors to gain exposure to BTC price movements through regular brokerage accounts. Unlike futures ETFs, these funds allow you to invest directly in Bitcoin as an asset. So let’s explore the Spot Bitcoin ETFs currently on the market and where you can buy them.
Approved Spot Bitcoin ETFs and their exchanges
Also read: Spot Bitcoin ETF could push BTC price to $200,000: Standard Chartered
Over the past few months, the digital assets industry has been flooded with anticipation regarding Spot Bitcoin ETFs. More than a dozen applications were filed as traditional financial giants sought to participate in the product’s initial issuance.
Now, 11 Spot Bitcoin ETFs have been approved by the SEC, as the first investment product of its kind in the United States. Some of the largest asset management companies in the country are now able to issue this investment vehicle. Subsequently, three different exchanges should present the product.
These are more precisely the New York Stock Exchange (NYSE), Cboe and Nasdaq. Among the eleven approved ETFs, the NYSE will include Bitwise Bitcoin ETF Trust (BITB), Hashdex Bitcoin ETF (DEF), and Grayscale Bitcoin Trust (GBTC).
Alternatively, Nasdaq will also offer two of the recently approved Bitcoin ETFs. Specifically, the exchange will include the Valkyrie Bitcoin Fund (BRRR) and the BlackRock Spot Bitcoin ETF, iShares Bitcoin Trust (IBIT).
Finally, Cboe will offer paid investment products, with six of the eleven offerings approved. These will be Ark Invest’s ARK 21Shares Bitcoin ETF (ARKLB), Invesco Galaxy Bitcoin ETF (BTCO), WisdomTree Bitcoin Trust (BTCW), VanEck Bitcoin Trust (HOLD), Fidelity Wise Origin Bitcoin Trust (FBTC) and Franklin Templeton Bitcoin. ETF (EZBC).
Where to buy Bitcoin ETFs for spot
Also Read: Cboe Approves Listing of Spot Bitcoin ETFs Awaiting SEC Approval
Like any exchange-traded fund, investing in these products requires brokers. However, diversifying your portfolio has never been easier thanks to several online brokers that could make investing easier.
Like any similar business, there are countless facets that you need to be aware of. Amid the growing popularity of ETFs, like other funds aimed at different assets, many options offer certain advantages. So let’s explore some popular brokerages available to help you invest in Bitcoin ETFs.
Interactive brokers
Interactive Brokers offers an excellent ETF investment opportunity. The brokerage offers $0 trading fees and no account minimums. Additionally, they have long been a popular online broker for all ETF investments.
E-commerce
A popular name in the field of investing, E-Trade offers best ETF investment brokerage. They offer $0 per trade, but other fees may apply to investments. Additionally, they also implore a minimum account of $0.
JP Morgan Self-Directed Investing
There are few names in investing with as much clout as JP Morgan. An authorized participant in BlackRock’s Spot Bitcoin ETF, the brokerage offers no per-trade fees or account minimums.
Charles Schwab
Charles Schwab is another online brokerage that provides investment access to all publicly traded ETFs in the United States. Like the aforementioned brokerage, they charge no fees per trade and have no minimum account requirements for ETF investors.
Avant-garde
Vanguard presents yet another potential online brokerage for your ETF investment. The company has no account minimum and offers ETF investments for as little as $1.
Other options
While these are our most recommended online brokerages for ETF investing, there are many others. These include brokerages like Axos Invest, Ally INveest, Merrill Edhe Self-Directed and Fidelity.
reference: watcher.guru