As Bitcoin prices surged past $64,000 on February 28, 2024—nearing its all-time high of $68,000—many investors have capitalized on this rally. However, others struggle to find reliable Bitcoin investment channels, watching opportunities slip away.
Here’s the truth: The most efficient way to invest in Bitcoin today isn’t through traditional exchanges like Coinbase but via lower-cost Bitcoin spot ETFs.
Why Bitcoin Spot ETFs Are the Optimal Choice
On January 10, 2024, the U.S. SEC approved 11 Bitcoin spot ETFs for trading. These funds, which directly hold Bitcoin, offer distinct advantages:
- Easy Trading: Buy/sell through any US stock brokerage account.
- Low Transaction Costs: $0 commissions vs. 1%+ fees on crypto exchanges.
- Minimal Holding Fees: Average annual management fee of 0.2%, with some waivers for the first six months.
👉 Explore Bitcoin spot ETFs today
Approved Bitcoin Spot ETFs
The 11 SEC-approved ETFs include:
(Note: Specific ETF names were truncated in the original content.)
Alternative Bitcoin Investments
1. MicroStrategy (MSTR)
- Holds ~1% of all circulating BTC.
- No management fees—funded by software business profits.
- Trades at premium/discount to BTC’s market value, introducing volatility.
Risks:
- No downside protection;市值可能长期低于持仓价值.
- In the ETF era, MSTR loses appeal for pure Bitcoin exposure.
2. Bitcoin Mining Stocks
Examples: Marathon Digital (MARA), Riot Platforms (RIOT), CleanSpark (CLSK).
- Correlation with BTC prices exists but weaker than ETFs.
- Operational risks (e.g., energy costs, regulations) add complexity.
👉 Compare mining stocks and ETFs
FAQs
Q1: Can Chinese investors trade Bitcoin spot ETFs?
A: Only via specific brokers like BBAE due to regulatory restrictions.
Q2: How do Bitcoin ETFs differ from holding actual BTC?
A: ETFs eliminate custody hassles but may track prices with slight deviations.
Q3: Are mining stocks a good proxy for Bitcoin?
A: Partial exposure, but performance depends on company efficiency and market conditions.
Q4: What’s the tax implication of Bitcoin ETFs?
A: Treated like securities (capital gains tax), unlike direct crypto holdings.