Bitcoin ETF Promises Great Potential Growth

The spot's Bitcoin ETF investment product is claimed to promise big growth for the crypto industry. (Photo; Doc. Criptonoticias)

JAKARTA - Bitcoin ETF is an investment product that promises great growth potential, given the high interest from investors in Bitcoin and other crypto assets. Bitcoin's ETF is also expected to increase Bitcoin's market liquidity and transparency, as well as attract institutional investors who are looking for a safe and regulated way to invest in Bitcoin.

Currently, there are 18 Bitcoin ETFs that have obtained approval from the SEC for trading on US stock exchanges, both spot-based and futures. Bitcoin spot ETF is an ETF that holds Bitcoin physically, while the ETF Bitcoin futures is an ETF that holds a Bitcoin future contract, which is an agreement to buy or sell Bitcoin at a fixed price and date in the future.

Bitcoin spot ETF is considered more profitable for investors, as they don't have to pay rollover fees or price adjustments imposed by futures contracts.

The spot ETF investment products that have been launched in the US include ProShares Bitcoin Strategy ETF (BITO), Vaneck Bitcoin Strategy ETF (XBTF), Valkyrie Bitcoin Strategy ETF (BTF), Simplify Bitcoin Strategy PLUS Inc ETF (MAXI), and Global X Blockchain & Bitcoin Strategy ETF (BITS).

Some of the futures Bitcoin ETFs that were first released in the US include Invesco Bitcoin Strategy ETF (BTCF), WisdomTree Bitcoin Strategy ETF (WBTC), First Trust Bitcoin Strategy ETF (FBTC), and Amplify Bitcoin Strategy ETF (ABTC).

Apart from the US, several other countries have also allowed trading of Bitcoin ETF on their stock exchanges, such as Canada, Brazil, Dubai, and▁menengah. In Indonesia, no Bitcoin ETF is yet available for trading on the stock exchange, but investors can buy Bitcoin directly through crypto platforms that have been listed on CoFTRA, such as Indodax, Tokocrypto, Binance, and Luno.