which bitcoin etf holds bitcoin

The Purpose Bitcoin ETF (BTCC) is notable as the "purest" Bitcoin ETF because it holds physical Bitcoin, providing investors with direct exposure to the cryptocurrency.

Oct 25, 2024 at 09:33 pm

Which Bitcoin ETF Holds Bitcoin?

Bitcoin ETFs have emerged as popular investment vehicles for investors seeking exposure to the cryptocurrency market. However, understanding which ETFs hold real Bitcoin can be confusing.

1. Grayscale Bitcoin Trust (GBTC)

• Largest Bitcoin ETF
• Holds 635,000 BTC ($12B)
• Traded over-the-counter (OTC)
• High management fees

2. ProShares Bitcoin Strategy ETF (BITO)

• First Bitcoin ETF approved by the SEC
• Holds futures contracts tied to Bitcoin price
• Listed on the New York Stock Exchange (NYSE)
• Lower management fees than GBTC

3. Valkyrie Bitcoin Strategy ETF (BTF)

• Similar to BITO, holds Bitcoin futures contracts
• Listed on the Nasdaq Stock Market
• Also offers low management fees

4. VanEck Bitcoin Strategy ETF (XBTF)

• Also holds a combination of Bitcoin futures contracts
• Listed on the Cboe Global Markets
• Management fees comparable to BITO and BTF

5. Purpose Bitcoin ETF (BTCC)

• Available to investors in Canada
• Holds physical Bitcoin
• Considered the "purest" Bitcoin ETF due to its underlying asset

6. Evolve Bitcoin ETF (EBIT)

• Also available in Canada
• Similar to BTCC, holds physical Bitcoin
• Offers lower fees than BTCC

7. Horizon BetaPro Bitcoin ETF (HBIT)

• Canadian ETF providing 2x leverage to Bitcoin price
• Holds a combination of Bitcoin futures contracts
• High management fees and risk profile

8. CI Galaxy Bitcoin ETF (BTCX)

• Canadian ETF offering 1.25x leverage to Bitcoin price
• Holds Bitcoin futures contracts
• Moderate management fees

9. 3iQ CoinShares Bitcoin ETF (BTCQ)

• Listed on the Toronto Stock Exchange (TSX)
• Holds physical Bitcoin
• High management fees

10. Ninepoint Bitcoin ETF (BTCZ)

• Canadian ETF providing tailored access to Bitcoin investments
• Holds a combination of Bitcoin and Bitcoin-related assets
• Management fees vary depending on strategy

Conclusion

While all of the listed ETFs offer exposure to the Bitcoin market, only BTCC, EBIT, and BTCQ hold physical Bitcoin. The other ETFs hold futures contracts, which may introduce additional risks. Investors should carefully consider their investment objectives and risk tolerance before choosing a Bitcoin ETF.