How New Bitcoin ETFs Effect The Bitcoin Price (2024)

‘Shock And Awe’—China Could Be About To Trigger A $1.4 Trillion Bitcoin And Crypto Price Earthquake","scope":{"topStory":{"index":1,"title":"‘Shock And Awe’—China Could Be About To Trigger A $1.4 Trillion Bitcoin And Crypto Price Earthquake","image":"https://specials-images.forbesimg.com/imageserve/648ee69ed5ef741d05b1e994/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 13, 2024","hourMinute":"07:15","amPm":"am","isEDT":true,"unformattedDate":1726226101000},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/13/shock-and-awe-china-could-be-about-to-trigger-a-14-trillion-bitcoin-and-crypto-price-earthquake/"}},"id":"en583i51da8g00"},{"textContent":"

Sep 12, 2024,05:41am EDT

UK Introduces Bill To Recognize Digital Assets As Personal Property","scope":{"topStory":{"index":2,"title":"UK Introduces Bill To Recognize Digital Assets As Personal Property","image":"https://specials-images.forbesimg.com/imageserve/66e2b5b9b72ec8c06f0a58f2/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 12, 2024","hourMinute":"05:41","amPm":"am","isEDT":true,"unformattedDate":1726134071105},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/12/uk-introduces-bill-to-recognize-digital-assets-as-personal-property/"}},"id":"n6a3oqnq2jng0"},{"textContent":"

Sep 11, 2024,10:20am EDT

Forbes Web3 And Arts DAO Collaborate During Token2049 Dubai To Highlight Emerging Artists","scope":{"topStory":{"index":3,"title":"Forbes Web3 And Arts DAO Collaborate During Token2049 Dubai To Highlight Emerging Artists","image":"https://specials-images.forbesimg.com/imageserve/66e1a706fa4cd5db97ccb8d3/290x0.jpg?cropX1=1&cropX2=1058&cropY1=0&cropY2=594","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 11, 2024","hourMinute":"10:20","amPm":"am","isEDT":true,"unformattedDate":1726064415331},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/11/forbes-web3-and-arts-dao-collaborate-during-token2049-dubai-to-highlight-emerging-artists/"}},"id":"dd2o7cmcj05800"},{"textContent":"

Sep 11, 2024,09:12am EDT

BlackRock Issues Serious Fed Warning As Crypto Suddenly Braces For A Predicted 50% Bitcoin Price Crash","scope":{"topStory":{"index":4,"title":"BlackRock Issues Serious Fed Warning As Crypto Suddenly Braces For A Predicted 50% Bitcoin Price Crash","image":"https://specials-images.forbesimg.com/imageserve/65a17e4e00d89b897eff9a70/290x0.jpg?cropX1=352&cropX2=1749&cropY1=38&cropY2=747","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 11, 2024","hourMinute":"09:12","amPm":"am","isEDT":true,"unformattedDate":1726060321090},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/11/blackrock-issues-serious-fed-warning-as-fears-swirl-of-a-50-bitcoin-price-crash/"}},"id":"ba586qd3ilnc00"},{"textContent":"

Sep 11, 2024,08:00am EDT

GPT Is Dead. Long Live GPTs.","scope":{"topStory":{"index":5,"title":"GPT Is Dead. Long Live GPTs.","image":"https://specials-images.forbesimg.com/imageserve/66e117a1f575921d98130291/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 11, 2024","hourMinute":"08:00","amPm":"am","isEDT":true,"unformattedDate":1726056000000},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/11/gpt-is-dead-long-live-gpt/"}},"id":"e82k87pkkh4g00"},{"textContent":"

Sep 10, 2024,05:00am EDT

Tether, Tron, And TRM Labs Join Forces To Combat Crypto Crime","scope":{"topStory":{"index":6,"title":"Tether, Tron, And TRM Labs Join Forces To Combat Crypto Crime","image":"https://specials-images.forbesimg.com/imageserve/66df6ddffbf2d6f9b5e599d2/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 10, 2024","hourMinute":"05:00","amPm":"am","isEDT":true,"unformattedDate":1725958800000},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/10/tether-tron-and-trm-labs-join-forces-to-combat-crypto-crime/"}},"id":"ecnniamgr90000"},{"textContent":"

Sep 9, 2024,09:33am EDT

Forbes Web3 Partners With qiibee Foundation To Launch Blockchain-Based Loyalty Platform","scope":{"topStory":{"index":7,"title":"Forbes Web3 Partners With qiibee Foundation To Launch Blockchain-Based Loyalty Platform","image":"https://specials-images.forbesimg.com/imageserve/66deda443ff6046df91238ee/290x0.jpg?cropX1=1&cropX2=1058&cropY1=0&cropY2=594","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 9, 2024","hourMinute":"09:33","amPm":"am","isEDT":true,"unformattedDate":1725888807483},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/09/forbes-web3-partners-with-qiibee-foundation-to-launch-blockchain-based-loyalty-platform/"}},"id":"e2b63m8armfc00"},{"textContent":"

Sep 9, 2024,08:43am EDT

New Research Shows Bitcoin Mining Cuts Carbon Emissions","scope":{"topStory":{"index":8,"title":"New Research Shows Bitcoin Mining Cuts Carbon Emissions","image":"https://specials-images.forbesimg.com/imageserve/668503667ca796429a231cb7/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Sep 9, 2024","hourMinute":"08:43","amPm":"am","isEDT":true,"unformattedDate":1725885800736},"uri":"https://www.forbes.com/sites/digital-assets/2024/09/09/new-research-shows-bitcoin-mining-cuts-carbon-emissions/"}},"id":"ahl9pj4055m800"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

FAQs

How New Bitcoin ETFs Effect The Bitcoin Price? ›

While a spot bitcoin ETF does not directly affect the price of bitcoin, the increased demand and purchasing of bitcoin by these ETFs could boost the price over time. Lower trading fees.

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Is it better to invest in Bitcoin or Bitcoin ETF? ›

There are several benefits to owning the actual Bitcoin by purchasing through a cryptocurrency exchange. In some situations, the ETFs offer investors all they need. The decision between the two will come down to personal preference and technological savvy.

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Do Bitcoin ETFs sell Bitcoin? ›

Yes and no. There were already crypto-related ETFs and trusts out there, but there had never been a spot Bitcoin ETF on the market before the Jan. 2024 approval. These recently approved ETFs are the first cryptocurrency funds to trade on a major exchange and hold Bitcoin directly.

What is the disadvantage of Bitcoin ETF? ›

Disadvantages of Crypto ETFs

1 When buying shares of an ETF, you pay your brokerage's trade fees and the fund's expense ratio. Crypto ETFs have expense ratios from 0.39% to 1.5%, much higher than the transaction fees charged by crypto exchanges. 9.

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What are the benefits of a Bitcoin ETF? ›

Investing in a Bitcoin ETF provides leverage to the price of Bitcoin without having to learn about how Bitcoin works, having to sign up for a cryptocurrency exchange, and taking on the risks of owning Bitcoin directly.

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Does Bitcoin ETF affect price? ›

While a spot bitcoin ETF does not directly affect the price of bitcoin, the increased demand and purchasing of bitcoin by these ETFs could boost the price over time. Lower trading fees.

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Which Bitcoin ETF tracks Bitcoin the best? ›

The Best Bitcoin ETFs of September 2024.
Grayscale Bitcoin Trust (GBTC)
iShares Bitcoin Trust ETF (IBIT)
Invesco Galaxy Bitcoin ETF (BTCO)
Bitwise Bitcoin ETF (BITB)
ProShares Bitcoin Strategy ETF (BITO)
Volatility Shares 2x Bitcoin ETF (BITX)
ProShares Short Bitcoin ETF (BITI)

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Sep 3, 2024

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Should I add Bitcoin ETF to my portfolio? ›

Another form of diversification is investing in assets with low correlation. Assets with low correlation tend to move in different directions, so for instance when stocks are up, Bitcoin or a Bitcoin-linked ETF tend to be down. This further diversifies your portfolio, and can help you weather market bumps over time.

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Are Bitcoin ETFs tax efficient? ›

Bitcoin ETFs are not tax-free. Like other investments, they are subject to capital gains tax on realized gains. However, strategic planning and understanding of tax rules can help investors minimize their tax burden while optimizing their returns.

Why is ETF not a good investment? ›

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

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Why is BlackRock buying Bitcoin? ›

Throughout the years and especially during the pandemic, BlackRock's clients started asking the firm for low cost and easy access to bitcoin. BlackRock started studying the industry to develop a digital asset strategy.

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Are BTC ETFs safe? ›

While bitcoin ETFs offer a regulated and accessible way to gain exposure to bitcoin, they are still a high-risk investment due to the volatile nature of cryptocurrency markets.

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Does Vanguard allow Bitcoin ETFs? ›

Vanguard quickly made the decision to not offer a bitcoin ETF.

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What is the best way to buy Bitcoin? ›

The four main ways to buy bitcoin are through Bitcoin wallet apps like the Bitcoin.com Wallet app, through Bitcoin.com website, through brokerages like eToro (buy Bitcoin on eToro here),* and through cryptocurrency centralized exchanges (CEXs) like Kraken.

Why buy IBIT instead of Bitcoin? ›

THE CASE FOR IBIT

IBIT enables investors to access bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly.