The crypto market, currently valued at $1.6 trillion with Bitcoin commanding a 50% share, shows tremendous growth potential. Morningstar’s Michael Miller predicts a 300% surge to $6.4 trillion by 2032, aligning with Bitcoin’s dominance.
Investors eyeing Bitcoin face challenges with traditional exchanges. However, a game-changer has arrived – spot Bitcoin ETFs, approved by the SEC. These ETFs simplify access to Bitcoin, eliminating the need for specialized exchanges and blockchain wallet concerns.
Spot Bitcoin ETFs have recently gained approval for 11 funds, marking a significant shift. This decision is poised to attract both retail and institutional investors, potentially driving Bitcoin prices higher. Analysts at Bernstein and Standard Chartered Bank foresee substantial increases, projecting $150,000 and $200,000 per Bitcoin by 2025, respectively.
Now, let’s explore the best and worst among spot Bitcoin ETFs. All these ETFs essentially perform the same function, acquiring Bitcoin, dividing it into shares, and trading them on the stock market. However, their fees vary considerably:
Best Spot Bitcoin
- Bitwise Bitcoin ETF Trust: 0.20%
- Ark 21Shares Bitcoin ETF: 0.21%
- Fidelity Wise Origin Bitcoin Fund: 0.25%
- iShares Bitcoin Trust: 0.25%
- Valkyrie Bitcoin Fund: 0.25%
- VanEck Bitcoin Trust: 0.25%
- Franklin Templeton Digital Trust: 0.29%
- WisdomTree Bitcoin Trust: 0.30%
- Invesco Galaxy Bitcoin ETF: 0.39%
- Hashdex Bitcoin ETF: 0.94%
- Grayscale Bitcoin Trust: 1.5%
Avoiding ETFs with an expense ratio above 0.25% is prudent. Notably, the Grayscale Bitcoin Trust’s 1.5% fee is steep. Choosing a reputable issuer is crucial; BlackRock, managing the iShares Bitcoin Trust, emerges as the top choice. Larger asset managers may provide more stability, as demonstrated by the iShares Bitcoin Trust’s premium valuation compared to Grayscale Bitcoin Trust. In conclusion, investors should prioritize low fees, avoid high-cost options like Grayscale Bitcoin Trust, and consider ETFs from reputable issuers such as Ark, BlackRock, and Fidelity, with the iShares Bitcoin Trust standing out as a top pick.
Want to learn more about bitcoin mining or start mining yourself?
“This data underscores considerably stronger profitability in the mining sector compared to challenges experienced in 2022 and part of 2023.”
In approximately six months, Bitcoin undergo a “halving,” reducing the new bitcoins awarded to miners by half. Satoshi Nakamoto introduced this event in 2009 as an anti-inflationary measure. Occurring roughly every four years, the lead-up to halvings traditionally proves the most profitable time for crypto investors. “Buying bitcoin six months before a halving and selling 18 months after has historically outperformed a ‘buy and hold’ strategy,” affirms the analyst.
Bitcoin mining explained.
Bitcoin Mining is the industry where the largest institutional party BlackRock is betting big and has recently become majority shareholder in four of the five largest mining companies.
You buy one or more Bitcoin mining machines and within 6-8 weeks it is mining for you with a current rate of 5.2 cents including hosting. Security and maintenance. What does a miner cost? How can these power rates be so low? Want to know more?
Attend the free Q&A about mining:
With Mitchell Weijerman (CEO of Epic Mining) . Where Mitchell answer all your questions live.
Also you can calculate profit in this spreadsheet
Full article about mining in depth you can find here. Bitcoin mining – Buy Low Mine High.
The simple way how smart investors can profit from a broken banking system. How crypto miners made 16.7 billion USD in 1 year and how we can get a piece of it. How anyone can make money with crypto mining within 4-8 weeks, regardless of your knowledge or experience.
