Spot Bitcoin ETFs Now Available for Trading!
By eOption, January 16, 2024
We're thrilled to bring you groundbreaking news in the cryptocurrency space- the Securities and Exchange Commission has officially approved the first-ever spot market Bitcoin Exchange Traded Funds (ETFs), and they are now available for trading at eOption, for $0 commission!
Here's what you need to know about this significant development:
1. What's a Spot Market Bitcoin ETF?
A spot Bitcoin ETF is an exchange-traded fund - a highly liquid fund that changes price throughout the trading day, just like a stock - that directly tracks the price of Bitcoin, primarily by holding a large amount of the cryptocurrency itself.
2. Eleven New Bitcoin ETFs Across Major Exchanges:
The SEC has approved eleven new ETFs, now listed on the NYSE Arca, Cboe BZX, and Nasdaq exchanges. These ETFs, covering a variety of offerings, include:
· Grayscale Bitcoin Trust (GBTC) · Bitwise Bitcoin ETF (BITB) · Hashdex Bitcoin ETF (DEFI) · ARK 21Shares Bitcoin ETF (ARKB) · Invesco Galaxy Bitcoin ETF (BTCO) · VanEck Bitcoin Trust (HODL) · WisdomTree Bitcoin Fund (BTCW) · Fidelity Wise Origin Bitcoin Fund (FBTC) · Franklin Bitcoin ETF (EZBC) · iShares Bitcoin Trust (IBIT) · Valkyrie Bitcoin Fund (BRRR)
3. Simplifying Bitcoin Investments:
When you invest in a Bitcoin ETF, you're essentially buying shares that represent a basket of Bitcoin in the fund's portfolio. The value of your investment will move in tandem with changes in Bitcoin prices. This provides a hassle-free way for investors to gain exposure to Bitcoin without the complexities of direct ownership and storage.
4. Easy Trading Through eOption:
Trading Bitcoin ETFs is now more accessible than ever. Investors can seamlessly buy and sell shares in these new funds through eOption, for $0 commission, eliminating the need for a hot or cold storage wallet to secure crypto private keys.
5. Competitive Fees and Waivers:
Multiple Bitcoin ETFs hitting the market January 11, 2024 sparked a fee war among issuers, with each trying to entice investors with waivers and fee reductions. We urge you to research and thoroughly understand the fee structure before making any purchase decisions related to these ETFs.
6. Consider the Risks of Bitcoin:
This groundbreaking development marks a significant step towards democratizing access to Bitcoin investments. As always, we encourage you to do your research, thoroughly understand the risks, and make informed decisions.
Now is the perfect time to get started with investing- Give eOption a try! eOption offers commission-free trading for stocks, 10¢ option contracts, a powerful and intuitive trading platform, mobile app, live expert support, free trading tools and free trading education. Visit www.eoption.com to learn more.
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