Spot Bitcoin ETF Appears Unlikely - Other Ways To Gain Exposure And Invest In BTC/Crypto
Portfolio Pulse from Jeffrey Kamys
The SEC remains cautious about approving a Spot Price Bitcoin ETF due to market manipulation concerns. Despite this, several ETFs and investment vehicles have emerged to provide investors with exposure to cryptocurrencies, including Grayscale Bitcoin Trust (OTC:GBTC), Purpose Bitcoin ETF (BTCC), VanEck Vectors Bitcoin Strategy ETF, Bitwise 10 Crypto Index Fund (OTC:BITW), CoinShares Physical Bitcoin (NYSE:BITC), and 3iQ CoinShares Bitcoin ETF.
May 22, 2023 | 2:25 pm
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NEUTRAL IMPACT
CoinShares Physical Bitcoin is a physically-backed Bitcoin ETP that offers exposure to Bitcoin with added oversight, security, and liquidity.
CoinShares Physical Bitcoin (BITC) is mentioned as one of the investment vehicles providing exposure to cryptocurrencies. However, the article does not provide any specific news or updates that would directly impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bitwise 10 Crypto Index Fund provides exposure to a diversified basket of digital assets, including Bitcoin and Ethereum.
Bitwise 10 Crypto Index Fund (BITW) is mentioned as one of the investment vehicles providing exposure to cryptocurrencies. However, the article does not provide any specific news or updates that would directly impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Grayscale Bitcoin Trust provides exposure to Bitcoin's price performance, but trades at a premium or discount to its net asset value.
Grayscale Bitcoin Trust (GBTC) is mentioned as one of the investment vehicles providing exposure to cryptocurrencies. However, the article does not provide any specific news or updates that would directly impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80