Like gold ETFs, a bitcoin ETF would make it considerably simpler for a broader vary of traders to realize publicity to bitcoin. It eliminates the necessity for traders to instantly purchase and retailer bitcoin. Whereas this issue didn’t discourage early adopters, it may be a posh and daunting course of for a lot of (i.e., think about strolling a grandparent by means of the chilly storage course of). Enjoyable reality: Earlier than the primary gold ETF was launched, traders might put money into clunkier closed-end funds, gold firms like miners or lug across the precise shiny metallic. With an ETF, investor demand for gold elevated. A bitcoin spot ETF might do likewise, resulting in a surge in shopping for by retail traders who aren’t at the moment within the Grayscale Bitcoin Belief (GBTC) or one of many bitcoin futures ETFs just like the one from ProShares (BITO).
