What is a bitcoin ETF?

A Bitcoin ETF is an exchange-traded fund that invests primarily in assets related to the original cryptocurrency, Bitcoin. ETFs sell shares to investors on the open market, and use the proceeds to build a portfolio of assets based on a market index, a stock market sector or another asset class like crypto. ETFs are similar to mutual funds.

What is evolve bitcoin ETF (EBIT)?

Evolve Bitcoin ETF (EBIT), managed by Evolve Funds Group Inc., was cleared for launch by the OSC on February 16th. The fund was listed on the 19th, just a day after the Purpose Bitcoin ETF started trading on the TSX exchange. So far, the fund has attracted investments to the tune of CAD 115M with an expense ratio of 0.75%.

Are crypto ETFs regulated?

Also, crypto ETFs are regulated products as opposed to Bitcoin, which is a decentralized and pseudonymous digital currency. Is there a Bitcoin ETF in the US? So far, there is not a single Bitcoin ETF in the United States.

How do I buy bitcoin ETFs?

Once an investor has opened their account, they can purchase Bitcoin ETFs the same way they would purchase any other stock or ETF. In most cases, the investor will simply search for the ticker symbol in their brokerage interface, enter the amount of shares they want to purchase and click buy.