Price volatility and rapidly shifting emotions that can lead to quick gains or losses can make cryptocurrencies overwhelm participants of stock and other traditional markets.
However, given the increasing levels of crypto acceptance and the shift in public opinion on the significance of digital currencies in the future of Web3, more and more investors are eager to engage in this asset class.
ETFs provide access to cryptos with inconveniences
A few exchange-traded funds (ETFs) that provide access to cryptocurrencies like Bitcoin (CRYPTO: BTC) without the inconveniences of holding or protecting crypto tokens through an online or hardware wallet have emerged, offering the best of both worlds.
The ProShares Bitcoin Strategy ETF (ARCA: BITO), which initially proposed the idea in October 2021, drew investments totaling approximately $1 billion in the concept’s first few days of operation.
Investors have two options for purchasing BITO shares, which are actively traded on the NYSE Arca network: directly through the ProShares or through a brokerage.
BITO most actively managed BTC ETF
The most actively managed BTC ETF, BITO has more than $800 million in assets under management (AUM) and invests in BTC futures contracts, treasury securities, and cash.
The ProShares Short Bitcoin ETF (ARCA: BITI), the newest entry in the BTC ETF market, is another product offered by ProShares. It was introduced in June 2022.
As opposed to BITO, BITI uses a …
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