Posted on Oct 27, 2021
Bitcoin futures ETF may be a costly way to get long-term crypto exposure
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People can invest in a cryptocurrency ETF for ease and legitimate market status...but it can be more expensive than outright purchase of actual crypto.
"The ETF carries a 0.95% annual expense ratio, which is high relative to other ETFs and mutual funds, according to financial advisors."
"The ETF carries a 0.95% annual expense ratio, which is high relative to other ETFs and mutual funds, according to financial advisors."
Bitcoin futures ETF may be a costly way to get long-term crypto exposure
Posted from cnbc.com
Bitcoin
Investing
Personal Finance
Posted 3 y ago
Responses: 3
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I have not considered ETFs. I mostly deal with altcoin buying and holding, mining, and staking at this point. I just wish the US tax laws would catch up. Tax reporting is a pain. Eventually i would like to convert some of my gains to other assets.
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For most of my life, I have been cautioned not to invest in anything I don’t understand. When I see a Bitcoin mine that appears to be a power generation or computer facility, something looks like a scam that will collapse some day.
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