From Nasdaq, Inc.:

The SEC approved 11 spot Bitcoin ETF applications. Many issuers are waiving their fees for a period to attract investors. Here is the rundown on the new class of Bitcoin ETFs. The bitwise and ARK 21Shares ETFs waive fees for the first six months. It’s essential to pick the right one for your needs.

The last two ETFs in the application have long been around. The Hashdex Bitcoin ETF is now spot Bitcoin ETF. The Grayscale Bitcoin Trust is converting to a spot Bitcoin ETF, keeping all its assets under management.

All ETFs will function in effectively the same way, so a fund’s expense ratio will be the biggest factor in deciding which fund to choose. Bitwise and ARK 21Shares ETFs have the lowest expense ratios.

Investors should not count out Fidelity or Blackrock’s iShares. Both are massive investment managers who are competitive with fees on traditional ETFs.

Owning a Bitcoin ETF may not be for everyone. Individual investors may best use Bitcoin ETFs in retirement accounts like IRAs. In taxable accounts, investors may be better off buying the cryptocurrency directly from an exchange.

Overall, the new Bitcoin ETFs offer a low-cost and convenient way for many investors to gain exposure to the crypto asset. The Motley Fool Stock Advisor team did not name Bitcoin as one of the best stocks to invest in. The service has more than tripled the return of the S&P 500 since 2002.



Read more: Bitcoin ETFs Are Here. Which One Should You Buy, If Any of Them?