Cryptocurrency Q&A
What is the first ticker of the bitcoin ETF?
What is the first ticker of the bitcoin ETF?
EnchantedSeeker
Sun Dec 22 2024
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The first ticker of the Bitcoin ETF in the United States is BITO, which stands for Proshares Bitcoin Strategy ETF. It was launched in the fourth quarter of 2021 and is listed on the New York Stock Exchange.
5 answers
TeaCeremony
Tue Dec 24 2024
One notable example of a previous fund option is the ProShares Bitcoin Strategy ETF (BITO). This was the first Bitcoin futures ETF, with an expense ratio of 0.95%.
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CryptoTamer
Tue Dec 24 2024
Another fund option that has been in the market is the Grayscale Bitcoin Trust (GBTC). Prior to converting to a spot bitcoin ETF, GBTC charged a fee of 2.0%.
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Alessandra
Tue Dec 24 2024
The introduction of new ETFs in the market has brought about potential cost savings for investors.
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CryptoProphet
Tue Dec 24 2024
However, following the conversion, GBTC's fees have been reduced to 1.5%, making it a more competitive option in the market.
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MysticRainbow
Tue Dec 24 2024
These ETFs are designed to be more affordable than previous fund options, providing an attractive alternative for those looking to invest in the cryptocurrency market.
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