which bitcoin etf is the biggest

The ProShares Bitcoin Strategy ETF (BITO) is the biggest Bitcoin ETF by assets under management, with approximately $1.2 billion AUM.

Nov 01, 2024 at 03:53 am

Which Bitcoin ETF is the Biggest?

A Bitcoin exchange-traded fund (ETF) is a type of investment fund that tracks the price of Bitcoin. ETFs are traded on stock exchanges, just like stocks and bonds. This makes them a convenient way for investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency themselves.

Here are the biggest Bitcoin ETFs by assets under management (AUM):

1. ProShares Bitcoin Strategy ETF (BITO) has approximately $1.2 billion in AUM. The fund was launched in October 2021 and is the first Bitcoin ETF to be approved by the U.S. Securities and Exchange Commission (SEC). BITO is listed on the New York Stock Exchange (NYSE).
2. VanEck Bitcoin Strategy ETF (XBTF) has approximately $400 million in AUM. The fund was launched in October 2021 and is also listed on the NYSE.
3. Purpose Bitcoin ETF (BTCC) has approximately $330 million in AUM. The fund was launched in February 2021 and is listed on the Toronto Stock Exchange (TSX).
4. CI Galaxy Bitcoin ETF (BTCX) has approximately $260 million in AUM. The fund was launched in May 2021 and is listed on the TSX.
5. Invesco Alerian Galaxy Bitcoin ETF (GBTC) has approximately $200 million in AUM. The fund was launched in October 2021 and is listed on the Nasdaq Stock Market.

Bitcoin ETFs offer investors a variety of benefits, including:

• Convenience: Bitcoin ETFs are traded on stock exchanges, just like stocks and bonds. This makes them a convenient way for investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency themselves.
• Diversification: Bitcoin ETFs can be used to diversify a portfolio of stocks and bonds. Bitcoin is a volatile asset, but it has a low correlation to other asset classes. This means that it can help to reduce the overall risk of a portfolio.
• Tax efficiency: Bitcoin ETFs are taxed as exchange-traded funds. This means that they are subject to the same tax treatment as stocks and bonds. This can be beneficial for investors who are looking for a tax-efficient way to invest in Bitcoin.

Bitcoin ETFs are still a relatively new investment product, but they have quickly become popular with investors. As Bitcoin continues to gain acceptance as a mainstream asset, we can expect to see even more Bitcoin ETFs launched in the future.