Bitcoin ETF 👀

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Bitcoin ETF

Investing in Bitcoin is something that has become much more popular and accessible in the last few years, however, before the introduction of Bitcoin investing through brokerages (including Invstr), it was a bit more complicated to invest into Bitcoin. One alternative that began developing in the last few years appealed to investors not interested in buying Bitcoin directly, but rather an ETF or more traditional equity providing exposure to Bitcoin as an asset. The name of this instrument is the ​​Grayscale Bitcoin Trust, and its shares track the Bitcoins price fees and expenses. More recently, another potential Bitcoin based equity has come to light, challenging the de-centralization of crypto via its repackaging on traditional markets.

Specifically, last month, the U.S. Securities and Exchange Commission approved a fund firm called Teucrium to issue a Bitcoin futures exchange-traded product. Even so, ETFs tied to Bitcoin remain Futures ETFs rather than Spot ETFs. This means that trades on these Bitcoin ETFs would be based on the price of Bitcoin futures which is a smaller market and not directly correlated to the price of Bitcoin. The SEC wants surveillance access before issuing approval for a crypto spot ETF, a position crypto exchanges have no interest in as it would undermine the decentralized concept of Crypto.

What do you think about Bitcoin or other crypto Spot ETFs? And will we ever see them?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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