Bitcoin rally, is it time to focus on ETFs?
Bitcoin surged to record highs of $60,000 USD in light of their halving plans which are expected to occur in mid to late April. After each halving, the price of Bitcoin typically significant rose over 6 to 12 months, repeatedly setting new records.
Currently $7.4 billion flows OUT of the most expensive BTC ETF, $Grayscale Bitcoin Trust(GBTC.US$ vs $6 billion flowing into the cheapest BTC ETF $iShares Bitcoin Trust(IBIT.US$ - with 3.8 billion of that just over the last 30 days.
Now, $40.7 billion of assets under management are in BTC spot ETFs.
Moomoo supports 11 Bitcoin spot ETFs, with our Market Strategist Jessica Amir recommending $iShares Bitcoin Trust(IBIT.US$.
IBIT beats on cost, name and reputation, with IBTI having an expense ratio of 0.12%. Its cheaper than Ark’s 0.21% vs VanEck’s MER of 0.20%
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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