Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ...
by anonu on Saturday March 11, 2017 @10:32AM
(#13845712)
> I'm a bit disappointed that there is no ETF but this is pretty darn reasonable.
You can trade the OTC product with ticker GBTC [1]. It is a sponsored note - has quite a bit of volume on OTC markets. AUM is about 230mm. Expense ratio is around 2% (atrocious).
I noted that - before bitcoins drop on Friday afternoon - GBTC was up about 135% over 2 years - versus bitcoins 200% appreciation. So the tracking error is quite bad.
You can trade the OTC product with ticker GBTC [1]. It is a sponsored note - has quite a bit of volume on OTC markets. AUM is about 230mm. Expense ratio is around 2% (atrocious).
I noted that - before bitcoins drop on Friday afternoon - GBTC was up about 135% over 2 years - versus bitcoins 200% appreciation. So the tracking error is quite bad.
[1] https://finance.yahoo.com/quote/gbtc?ltr=1