"The Bitwise Bitcoin ETF launched in January 2024 and holds actual Bitcoin, meaning the share price tracks Bitcoin's spot price as closely as any ETF structure allows."
"ProShares Bitcoin ETF was the first US Bitcoin ETF, gaining exposure through CME Bitcoin futures contracts, which creates a meaningful long-term drag that spot ETFs avoid."
Bitcoin is currently near $71,000, down 19% year-to-date. Investors can gain exposure through three main ETFs: a spot fund, a futures fund, and a leveraged futures fund. The Bitwise Bitcoin ETF holds actual Bitcoin, tracking its spot price closely, with a 0.2% expense ratio and $2.6 billion in assets. The ProShares Bitcoin ETF uses CME Bitcoin futures contracts, which can create a long-term drag on performance. Each fund has distinct characteristics that influence portfolio behavior.
Read at 24/7 Wall St.
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