How to Trade a Potential Bitcoin ETF

0
64

If you believe the value of Bitcoin will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (BITO).  With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares.com.

BITO mimics the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO is that investors don’t need to deal with cryptocurrency.

While BITO has already run from $13.50 to $20.63 so far, it could see higher highs. All in anticipation of a Bitcoin ETF in the new year.

In fact, according to CNBC, “discussions between the Securities and Exchange Commission and asset managers hoping to list bitcoin ETFs have advanced to technical details, signaling to some experts that an approval could be imminent.”