Bitcoin ETF Ticker Symbols and Investment Information

Bitcoin ETFs offer a more traditional investment experience for those interested in cryptocurrency, with ticker symbols like BITO, BTF, and GBTC.

BITO, which stands for ProShares Bitcoin Strategy ETF, is a popular choice among investors, with a total net asset value of over $1.5 billion.

Investing in a Bitcoin ETF like BITO involves buying and selling shares on major stock exchanges.

Ibit is an exchange-traded product that enables investors to get exposure to bitcoin with the convenience of an exchange-traded product. This removes the operational, tax, and custody complexities of holding bitcoin directly.

Ibit has been the most traded bitcoin exchange-traded product since its launch, providing investors with potentially lower transaction costs. It has strong trading volume and narrow bid-ask spreads, which can potentially lower costs for investors.

Ibit is managed by BlackRock, the world's largest asset manager by AUM, with $10.5T in assets under management as of March 31, 2024. This expertise and resources contribute to the product's liquidity and stability.

Coinbase Prime, a full-service prime broker of Coinbase, Inc., is the custodian of Ibit, with $171B in institutional assets under custody as of March 31, 2024. This integration with a reputable custodian provides an added layer of security and trust for investors.

IBIT is an exchange-traded product that allows investors to access bitcoin with the convenience of an exchange-traded product, helping remove operational, tax, and custody complexities.

It has been the most traded bitcoin exchange-traded product since launch, providing investors with potentially lower transaction costs. This is due to its liquidity, characterized by strong trading volume and narrow bid-ask spreads.

IBIT is managed by the world's largest asset manager, BlackRock, which manages $10.5 trillion in assets as of March 31, 2024. This expertise and resources help ensure the product's stability and security.

The technology behind IBIT is also noteworthy, leveraging a multi-year integration developed with Coinbase Prime, the world's largest institutional digital asset custodian. This partnership helps provide a secure and reliable way to hold and trade bitcoin.

If you're interested in investing in Bitcoin without directly owning it, you can consider securities that track or own assets tied to Bitcoin or provide services in the industry.

Some popular options include Grayscale Bitcoin Trust (GBTC) and Riot Blockchain, Inc. (RIOT), which offer exposure to the cryptocurrency market.

Grayscale Bitcoin Trust has a management fee of 0.75% and holds its own Bitcoin, priced based on the CME CF Bitcoin Reference Rate.

Riot Blockchain, Inc. is a company that provides services in the industry, and its stock has been a popular choice for investors.

Here's a list of some popular Bitcoin ETF ticker symbols:

The Evolve Bitcoin ETF (TSX:EBIT) is another option, with assets under management of C$342.54 million and a management fee of 0.75%.

The CI Galaxy Bitcoin ETF (TSX:BTCX.B) was launched in March 2021 with assets under management of C$1.19 billion.

Its management fee is a low 0.4 percent, making it one of the most affordable options on the market.

This fund was born out of a partnership between Galaxy Fund Management and CI Global Asset Management, two industry leaders in the cryptocurrency space.

The CI Galaxy Bitcoin ETF gives investors exposure to Bitcoin via an institutional-quality fund platform, with its holdings wholly consisting of Bitcoin kept in cold storage.

The Evolve Bitcoin ETF (TSX:EBIT) was launched a week after the Purpose Bitcoin ETF and has assets under management of C$342.54 million.

Its management fee is 0.75 percent, which is slightly higher than some of its competitors.

The Evolve Bitcoin ETF holds its own Bitcoin and prices its holdings based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.

The 3iQ CoinShares Bitcoin ETF (TSX:BTCQ) was also launched in March 2021 and has assets under management of US$244.35 million.

This ETF tracks the price movement of Bitcoin in US dollar terms and holds its Bitcoin assets in cold storage.

The 3iQ CoinShares Bitcoin ETF has a management fee of 1 percent, which is higher than some of its competitors.

The Evolve Cryptocurrencies ETF (TSX:ETC) is a multi-cryptocurrency ETF that provides combined exposure to both Bitcoin and Ether.

It has assets under management of C$72.66 million and no management fee, although the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.

If you're looking for alternative options to invest in Bitcoin and other cryptocurrencies, you have several choices beyond traditional ETFs. Evolve Cryptocurrencies ETF is one option, which provides combined exposure to both Bitcoin and Ether, weighing them by market capitalization and rebalancing its holdings on a monthly basis.

You can also consider Grayscale Bitcoin Trust, which has a ticker symbol of GBTC and allows investors to gain indirect exposure to Bitcoin. This trust has a management fee of 2% per annum.

Investing in companies that deal with cryptocurrencies can also be a viable option. Riot Blockchain, Inc. and MicroStrategy Incorporated are two such companies with ticker symbols of RIOT and MSTR, respectively.

Another option is to invest in companies that provide services in the cryptocurrency industry. Coinbase Global, Inc. is one such company with a ticker symbol of COIN.

Here are some additional options to consider: