Just ten days into the new year, the US Securities and Exchange Commission (SEC) has approved a host of Spot Bitcoin ETFs. With some massive asset management first issuing the investment product, their popularity is likely to skyrocket. Subsequently, this guide will break down just where can you buy Spot Bitcoin ETFs.
The initial approval saw 11 total Spot Bitcoin ETFs officially receive a green light. Yet, for those unfamiliar with these investment products, knowing how to start investing can be a little bit of a learning curve.
Spot Bitcoin ETFs are an investment product that allows investors to gain exposure to BTC price movement through regular brokerage accounts. Differing from Futures ETFs, these funds allow direct investments into Bitcoin as an asset. So, let’s explore the current Spot Bitcoin ETFs on the market, and where you can buy them.
Approved Spot Bitcoin ETFs and Their Exchanges
Also Read: Spot Bitcoin ETF Could Push BTC Price to $200k: Standard Chartered
Over the last several months, the digital asset sector has been inundated with anticipation surrounding Spot Bitcoin ETFs. More than a dozen applications were filed, as traditional finance giants sought to get in on the initial issuance of the product.
Now, 11 Spot Bitcoin ETFs have been approved by the SEC, as the first such investment product in the United States. Some of the largest asset management firms in the country are now able to issue the investment vehicle. Subsequently, three different exchanges are set to feature the product.
Specifically, those are the New York Stock Exchange (NYSE), Cboe, and Nasdaq. Of the eleven approved ETFs, NYSE will feature Bitwise Bitcoin ETF Trust (BITB), Hashdex Bitcoin ETF (DEF), and Grayscale Bitcoin Trust (GBTC).
Alternatively, Nasdaq will also feature two of the newly approved Bitcoin ETFs. Specifically, the exchange will feature the Valkyrie Bitcoin Fund (BRRR), and BlackRock Spot Bitcoin ETF, iShares Bitcoin Trust (IBIT).
Finally, Cboe will fee-investmentese investment products, with six of the eleven approved offerings. Those will be Ark Invest’s ARK 21Shares Bitcoin ETF (ARKLB), Invesco Galaxy Bitcoin ETF (BTCO), WisdomTree Bitcoin Trust (BTCW), the VanEck Bitcoin Trust (HOLD), Fidelity Wise Origin Bitcoin Trust (FBTC), and the Franklin Templeton Bitcoin ETF (EZBC).
Where to Buy Spot Bitcoin ETFs
Also Read: Cboe Approves Listing of Spot Bitcoin ETFs Pending SEC Approval
Like any exchange-traded fund, investment into these products requires brokers. However, diversifying your portfolio has never been easier with several online brokers that could facilitate investment.
Like any similar endeavor, there are countless facets you have to be aware of. Amid the surging popularity of ETFs, like other funds for different assets, many options provide certain benefits. So, let’s explore some popular brokerages that are available to help you invest in Bitcoin ETFs.
Interactive Brokers
Interactive Brokers provides a great opportunity for ETF investment. The brokerage offers a 0$ fee for trade and no account minimum. Moreover, they have long been a popular online brokerage for all ETF investments.
E-Trade
A popular name in the investment space, E-Trade offers a greater ETF investment brokerage. They offer $0 per trade but could have other fees apply to investments. Moreover, they also implore a $0 account minimum.
JP Morgan Self-Directed Investment
There are few names in the investment space with as much weight as JP Morgan. An authorized participant for BlackRock’s Spot Bitcoin ETF, the brokerage offers no fees per trade and no account minimum.
Charles Schwab
Another online brokerage that offers investment access to all US exchange-listed ETFs is Charles Schwab. Like the aforementioned brokerage, they do not require fees per trade and have no account minimum requirement for ETF investors.
Vanguard
Vanguard presents yet another potential online brokerage for your ETF investment. The company has no account minimum and offers ETF investments for as little as $1.
Other Options
Although these are our most recommended online brokerages for ETF investment, there are so many others. Those include brokerages like Axos Invest, Ally INveest, Merrill Edhe Self-Directed, and Fidelity.
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