Which spot ETFs are currently available and how do I invest in them?
Spot Bitcoin and Ethereum ETFs are now available in the United States. The Bitcoin spot ETFs launched in January 2024, including options from major providers like BlackRock, Fidelity, and Grayscale. Ethereum spot ETFs became available in July 2024. To invest, you need a brokerage account (like Fidelity, Charles Schwab, or Vanguard) and can purchase ETF shares just like regular stocks using your ticker symbol. These ETFs track cryptocurrency prices without requiring you to own the actual digital assets or manage digital wallets. They offer tax benefits in retirement accounts and provide institutional-grade custody. Fees vary by provider, typically ranging from 0.2% to 0.45% annually. Check your broker's available options and compare expense ratios before investing.
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