Bitcoin ETF List: An Overview of Current Options
Bitcoin ETFs provide investors with a way to gain exposure to Bitcoin through traditional financial markets. These funds can either invest directly in Bitcoin (spot Bitcoin ETFs) or in Bitcoin futures contracts. Here’s a comprehensive list of notable Bitcoin ETFs and related investment vehicles currently available:
Spot Bitcoin ETFs
- Purpose Bitcoin ETF (BTCC)
- Exchange: Toronto Stock Exchange (TSX)
- Description: One of the first spot Bitcoin ETFs, BTCC directly holds Bitcoin. Available in both Canadian dollar (BTCC.B) and U.S. dollar (BTCC.U) versions.
- Evolve Bitcoin ETF (EBIT)
- Exchange: Toronto Stock Exchange (TSX)
- Description: This ETF directly invests in Bitcoin, providing investors with a straightforward way to gain exposure to Bitcoin’s price movements.
- CI Galaxy Bitcoin ETF (BTCX)
- Exchange: Toronto Stock Exchange (TSX)
- Description: Managed by CI Global Asset Management and Galaxy Digital Capital Management, BTCX holds Bitcoin directly.
- 3iQ CoinShares Bitcoin ETF (BTCQ)
- Exchange: Toronto Stock Exchange (TSX)
- Description: This ETF is managed by 3iQ Corp and CoinShares, offering direct exposure to Bitcoin.
Futures-Based Bitcoin ETFs
- ProShares Bitcoin Strategy ETF (BITO)
- Exchange: New York Stock Exchange (NYSE) Arca
- Description: BITO invests in Bitcoin futures contracts rather than holding Bitcoin directly. It aims to track Bitcoin’s price through these futures contracts.
- Valkyrie Bitcoin Strategy ETF (BTF)
- Exchange: Nasdaq
- Description: Similar to BITO, BTF invests in Bitcoin futures contracts. It provides indirect exposure to Bitcoin through the futures market.
- VanEck Bitcoin Strategy ETF (XBTF)
- Exchange: Chicago Board Options Exchange (CBOE)
- Description: XBTF also invests in Bitcoin futures contracts, offering another avenue for indirect Bitcoin exposure.
Trusts and Other Investment Vehicles
- Grayscale Bitcoin Trust (GBTC)
- Exchange: Over-the-Counter (OTC)
- Description: While not an ETF, GBTC is a well-known investment vehicle that holds Bitcoin. It trades over-the-counter and is designed to mirror the price of Bitcoin, although it has historically traded at a premium or discount to Bitcoin’s spot price.
Conclusion
The landscape of bitcoin etf list includes both spot and futures-based options. Spot Bitcoin ETFs, primarily available in Canada, offer direct exposure to Bitcoin, while futures-based ETFs provide indirect exposure through futures contracts. As regulatory environments evolve, more options may become available, particularly in regions like the U.S., where spot Bitcoin ETFs are still pending approval. Investors should consider their investment goals and the specific features of each ETF when making decisions.
