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If you are uncomfortable, like most of us, about owning Bitcoin within a digital wallet but would still like to be involved in the marketplace then why not consider buying a Bitcoin Strategy exchange-traded funds that track the price action of the digital token through managed futures contracts?
An original article by Lorimer Wilson, Managing Editor of munKNEE.com – Your KEY To Making Money!
The three (3) most popular such ETFs are:
- ProShares Bitcoin Strategy ETF (NYSEARCA: BITO),
- Valkyrie Bitcoin Strategy ETF (NASDAQ: BTF) and
- VanEck Bitcoin Strategy ETF (XBTF)
and below are descriptions of each and their performances last week and YTD, in comparison to Bitcoin.
ProShares Bitcoin Strategy ETF:
- is actively managed,
- has an Expense Ratio of $0.96,
- has Assets Under Management (AUM) of $744M,
- was UP 14.4% last week and
- is UP 35.8% YTD.
- Go here for a chart of the most recent pricing.
Valkyrie Bitcoin Strategy ETF:
- is actively managed,
- has an Expense Ratio of $0.95,
- has Assets Under Management (AUM) of $25M,
- was UP 14.5% last week and
- is UP 35.1% YTD.
- Go here for a chart of the most recent pricing.
- has an Expense Ratio of $0.65,
- has Assets Under Management (AUM) of $28M,
- was UP 14.5% last week and
- is UP 35.4% YTD.
- Go here for a chart of the most recent pricing.
The 3 ETFs are closely aligned with the spot price of the Bitcoin digital token which is UP 36.2% YTD.