Bitcoin prices surged above $73,000 Tuesday for the first time since March, thanks to massive inflows into dedicated exchange-traded funds (ETFs) as well as market speculation surrounding the outcome of next week’s U.S. elections. Traders are betting on bullish market conditions for bitcoin regardless of the election outcome.
Against this backdrop, below we highlight a few factors that could favor bitcoin or crypto ETF investing. Investors can keep track of ETFs like Grayscale Bitcoin Trust (GBTC Quick QuoteGBTC – Free Report) , iShares Bitcoin Trust (IBIT Quick QuoteIBIT – Free Report) , Fidelity Wise Origin Bitcoin Fund (FBTC Quick QuoteFBTC – Free Report) , ARK 21Shares Bitcoin ETF (ARKB Quick QuoteARKB – Free Report) and Bitwise Bitcoin ETF (BITB Quick QuoteBITB – Free Report) .
The ETF GBTC charges 150 bps, IBIT charges 25 bps,…
