What is a Bito ETF?

Since ETFs are investment securities that can be bought and sold on an exchange like stocks, the BITO ETF can provide simple, indirect access to this cryptocurrency for retail investors. To track the price of bitcoin, BITO buys bitcoin futures, which are then securitized into a tradeable ETF.

What is ProShares bitcoin strategy ETF (Bito)?

The ProShares Bitcoin Strategy ETF ( BITO) is an exchange-traded fund that tracks the price of bitcoin cryptocurrency, less fund expenses. The expense ratio has been originally set at 0.95%. T he first bitcoin-linked ETF available on the market, BITO began trading on the NYSE ARCA exchange on October 19, 2021.

Is Bito a good investment?

BITO provides a familiar way to gain exposure to bitcoin-linked returns with the liquidity and transparency of an ETF. BITO can be bought and sold through a brokerage account, eliminating the need for a cryptocurrency exchange account or wallet. More.. ProShares Bitcoin Strategy ETF (BITO) seeks capital appreciation.

Can I invest in a bitcoin ETF?

Investors interested in alternatives to a bitcoin ETF may consider investing directly in bitcoin or in other forms of cryptocurrency. Since bitcoin ETFs typically hold bitcoin futures, some experienced investors may choose to invest in bitcoin futures in their own trading accounts. How does the ProShares Bitcoin Strategy ETF invest?