So you want to own Bitcoin without a Crypto wallet hassle?
Posted By RichC on January 12, 2024
Well then there’s an ETF (Exchange Traded Fund) for that … finally. But now the decision, which one do you add to your investment portfolio? Check out this article on CNBC and chart of ETFs and fees.
The bitcoin exchange-traded funds launching Thursday after the SEC’s long-awaited approval come at a wide variety of price points, with signs that a fee war is already underway.
The Bitwise Bitcoin ETF (BITB) has the lowest expense ratio of all the new bitcoin funds, at 0.20%. Several other funds are close behind, including the Ark 21Shares Bitcoin ETF (ARKB) at 0.21% and the iShares Bitcoin Trust (IBIT) at 0.25%.
The Bitwise fund also has a temporary waiver that will eliminate the fee entirely for six months on the first $1 billion of assets. Other proposed funds have similar waivers, meaning early adopters of the bitcoin ETFs will have little or zero management cost for a brief time.
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