how to buy bitcoin etf on charles schwab

To invest in bitcoin through Charles Schwab, open an account, fund it, search for bitcoin ETFs, place an order, and review and submit it.

Nov 02, 2024 at 01:49 pm

How to Buy Bitcoin ETFs on Charles Schwab

1. Open a Charles Schwab Account

• Visit the Charles Schwab website and click "Open an Account."
• Follow the instructions to create a new account.
• You will need to provide personal information, including your name, address, and Social Security number.

2. Fund Your Account

• After opening your account, you need to fund it in order to purchase bitcoin ETFs.
• You can transfer money from your bank account or wire funds to your Schwab account.
• The minimum deposit amount varies depending on the account type you choose.

3. Search for Bitcoin ETFs

• Once your account is funded, you can search for bitcoin ETFs.
• In the search bar, type in "bitcoin ETF" or the ticker symbol of the ETF you want to buy.
• A list of available ETFs will appear.

4. Place Your Order

• Choose the bitcoin ETF you want to buy and click "Buy."
• Enter the number of shares you want to purchase and specify the order type.
• You can choose from market orders (executed at the current market price) or limit orders (executed at a specific price).

5. Review and Submit Your Order

• Review the details of your order, including the price, shares, and order type.
• If everything is correct, click "Submit Order."
• Your order will be sent to the market and executed based on the order type you specified.

Note: Charles Schwab currently offers four bitcoin ETFs:

1. ProShares Bitcoin Strategy ETF (BITO)
2. Valkyrie Bitcoin Strategy ETF (BTF)
3. VanEck Bitcoin Strategy ETF (XBTF)
4. WisdomTree Bitcoin Strategy ETF (BTCF)