The SEC approved 11 Bitcoin ETFs, including the Bitwise ETF with $2.16 billion AUM.

From Nasdaq.: 2024-06-15 06:30:00

The U.S. SEC recently approved 11 spot price Bitcoin ETFs, making it easier for investors to buy Bitcoin. The top five ETFs have a combined AUM of $56.5 billion.

The Bitwise Bitcoin ETF is the world’s fifth-largest spot price ETF with $2.16 billion in AUM and a 0.20% sponsor fee, making it cheaper than its larger peers like Grayscale and iShares.

The top ETFs that hold Bitcoin include Grayscale, iShares, Fidelity, Ark, and Bitwise. While Grayscale is the largest, its 1.5% fee makes it less attractive compared to the newer and cheaper options.

Investors looking to gain exposure to Bitcoin through their brokerage accounts may find the Bitwise Bitcoin ETF as a no-brainer buy. The ETF allows for organized investments in a single account and has restrictions that help manage risks and encourage dollar-cost averaging.

Before investing $1,000 in the Bitwise Bitcoin ETF, consider other top stocks recommended by the Motley Fool Stock Advisor team for potentially higher returns in the coming years. The service has more than quadrupled the return of S&P 500 since 2002.

Read more at Nasdaq: Is This Cryptocurrency ETF a No-Brainer Buy?