Bitcoin has transformed the financial landscape, offering a digital alternative to traditional assets. For those who prefer a regulated and convenient way to engage with Bitcoin, Bitcoin Exchange-Traded Funds (ETFs) provide an opportunity to gain exposure without directly holding the cryptocurrency.
What Are Bitcoin ETFs?
Bitcoin ETFs are investment funds traded on traditional stock exchanges that aim to track the performance of Bitcoin. They allow investors to gain exposure to Bitcoin without the need to buy, store, or manage the digital currency themselves.
Types of Bitcoin ETFs
Spot Bitcoin ETFs: These funds hold actual Bitcoin as their underlying asset, reflecting its spot price.
Futures-Based Bitcoin ETFs: These funds invest in Bitcoin futures contracts instead of holding Bitcoin itself.
Why Consider Bitcoin ETFs?
Accessibility: Bitcoin ETFs are available through traditional brokerage platforms, eliminating the need for specialized Bitcoin wallets.
Regulated Framework: Being traded on regulated stock exchanges, Bitcoin ETFs operate under established financial rules, potentially providing an added layer of security.
Ease of Trading: Investors can buy and sell Bitcoin ETFs as easily as they would traditional stocks or ETFs.
What to Keep in Mind When Investing in Bitcoin ETFs?
Volatility: Bitcoin is known for significant price fluctuations, which can impact the value of Bitcoin ETFs.
Tracking Error: Futures-based ETFs may not perfectly replicate the price movements of Bitcoin due to the nature of futures contracts.
Management Fees: Like other ETFs, Bitcoin ETFs charge annual management fees, which vary by provider.
Regulatory Changes: Changes in the regulatory landscape for Bitcoin can affect ETF performance or availability.
Available Bitcoin ETFs at Firstrade
Below is the complete list of Bitcoin ETFs currently accessible through Firstrade:
ETF Name | Ticker Symbol |
iShares Bitcoin Trust | IBIT |
Bitwise Bitcoin ETF | BITB |
ARK 21Shares Bitcoin ETF | ARKB |
Fidelity Wise Origin Bitcoin ETF | FBTC |
WisdomTree Bitcoin Trust | BTCW |
Invesco Galaxy Bitcoin ETF | BTCO |
Valkyrie Bitcoin Fund | BRRR |
VanEck Bitcoin Trust | HODL |
Franklin Templeton Digital Holdings ETF | EZBC |
Hashdex Bitcoin Futures ETF | DEFI |
Grayscale Bitcoin ETF | GBTC |
Grayscale Bitcoin Mini Trust ETF | BTC |
How to Access Bitcoin ETFs on Firstrade
Open a Firstrade Account: Ensure you have an active brokerage account.
Search for the Ticker: Use the table above or the ETF’s official name to find the product within the Firstrade platform.
Place an Order: Follow the standard process to buy or sell ETFs directly through your account.
Firstrade also offers a variety of other Bitcoin related ETFs and other Crypto ETFs. To explore all available options, please login and visit the Trading / Research & Tools page.
Still have questions? Contact Firstrade Client Support