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Author Topic: List of Bitcoin ETFs  (Read 902 times)
tyz (OP)
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February 23, 2016, 05:40:00 PM
 #1

I am considering to buy some shares that are Bitcoin related on stock market. I read about that in the meanwhile there has been released several Bitcoin-related stock products. I found an ETN by a Swedish company but what is much different from a classic exchange traded fund.
I also found that there is an ETF from Grayscale.
Do anyone could share experience with BTC ETFs? And is there a list of recommendable Bitcoin ETFs?
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February 25, 2016, 10:50:35 PM
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The Swedish ETN you are refering to is this:
http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538

It is actually quite close to ETFs.
It is a ETN (exchange traded note) rather than the ETF (exchange traded fund), because of the requirement for the sufficient diversification of the ETF - ETF couldn't invest only in bitcoin.

Greyscale's bitcoin investment trust is not an ETF, either - it is a OTC-listed share of the company that invests in bitcoins.

May I ask what advantages do you see in investing in the bitcoin ETF, rather than investing directly in bitcoin ?

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fr4nkthetank
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February 26, 2016, 01:51:10 AM
 #3

an ETN is less safe than an ETF.  you see an ETN is a note, which means it is debt issued by the company, so if they go bankrupt, bad things happen to your investment.  The etf, is a fund, so if they go bankrupt you are supposed to get the underlying securities in there.  Usually if its traded on a big marketplace like the NYSE its all good, but do your research Smiley
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February 27, 2016, 10:31:34 PM
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Ark Invest has an ETF with some Bitcoin exposure, but I think it's only 0.5% and the rest is general tech related investment. Their exposure is through GBTC but it's an official ETF. Boy, that sounds convoluted.
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