Posted 1/16/2024, 1:37:00 PM
SEC Approves Bitcoin ETFs From Major Firms, Offering Indirect Crypto Exposure With Differences From Owning Bitcoin
- SEC approved 11 spot Bitcoin ETFs, allowing exposure without directly buying crypto
- Bitwise ETF has waived fees and plans to donate profits to Bitcoin development
- Fidelity ETF leverages firm's crypto experience and will custody assets itself
- VanEck ETF has low fees, raised the most initial capital, and will donate profits
- Consider differences between Bitcoin ETFs versus owning Bitcoin directly