How to Choose Which Bitcoin ETF to Buy
The funds that started trading recently are all designed to track the price of the largest cryptocurrency, but experts say investors should consider a few factors before picking one.
Grayscale Bitcoin Trust ETF (GBTC) signage on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergBitcoin ETFs are finally here in a landmark moment for the crypto industry.
Offerings from BlackRock Inc., Invesco Ltd., Ark Investment Management LLC, Fidelity Investments and a handful other firms launched last week. But unlike most ETFs, which differ in terms of the composition of their underlying holdings, all the new spot Bitcoin ETFs aim to track the price of the largest cryptocurrency by holding it. That means deciding which one to purchase can get confusing since the differences between funds are slim.