TRADING TIPS

Is There a Bitcoin ETF?

Hubert Senters here. Got another question. Hi Hubert, Is there a Bitcoin equivalent with decent volume as an alternative to the Bitcoin futures? Esteban. There’s not a direct one to one. There’s a couple of things that you can do though so let’s take a look at those. Like I said earlier there’s two or three avenues. Number one you can trade a fraction of a Bitcoin and you get some play that way. That’s not a bad way to do it. Just know that all cryptocurrencies are crazy volatile. And you want to make sure that you stay once it have the most volume because you’re going to be less act to get hurt of. I don’t mean you won’t get hurt. Everything cryptocurrency is crazy. It’s a wild west. Protect yourself at all times. With that disclaimer all the way. You could do a fraction of a Bitcoin because you just don’t want to. You can buy like a fraction of a fraction of a Bitcoin. You do that. You could also use GBTC which is Grayscale Bitcoin Trust BTC. It’s kind of like an ETF. But this probably be your second option. And you could do ark invest but ark invest got a lot of other stuff in other than just Bitcoin so I would either recommend type of trading a fraction of a Bitcoin because you get the same play. Or you could do this GBTC and those are your two best options in my opinion. Good luck. Hope it helps. See you on the next video. Hubert.    

1 Comment

  1. David
    David on December 10, 2020 at 7:09 am

    Hi Hubert

    Very interesting and helpful thank you

    Reply

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