BTC ETF, CFD, Options
Options: Deribit vs. BitMEX
Options are available at three exchanges
BitMEX
Ledger X
Deribit was launched in June 2016. Deribit is a Bitcoin Futures and Options trading platform. https://www.deribit.com/ At time of writing [3 December 2018] daily volume at Deribit is ten times that of BitMEX. Deribit is trading about 1,500 BTC of volume daily and BitMEX is trading about 150 BTC of volume. https://hackernoon.com/trading-bitcoin-options-at-deribit-part-1-155e9b7fc5dc
ETF
Effectenbeurs van Gibraltar met ticker “QBTC.U”. De naam van het beleggingsfonds is The Bitcoin Fund. Wordt beheerd door de Canadese vermogensbeheerder 3iQ met notatie op Toronto Stock Exchange (TSX).
North American Bitcoin: exchange-traded fund in Toronto, Symbol: BTCC?
ETN: Grayscale Bitcoin Trust, trades at massive premiums
Filing for a Bitcoin ETF: VanEck Associates Corp. and Bitwise Asset Management
Over-the-counter-listed securities that act like tracking funds, which can be purchased in most traditional brokerage accounts. Both the Grayscale Bitcoin Trust (OTC:GBTC) and Osprey Bitcoin Trust (OTC:OBTC) acquire and hold Bitcoin tokens. Since these trusts regularly update their owned assets and outstanding share count, it's easy to calculate the net asset value (NAV) of their portfolios. Unfortunately, both the Grayscale Bitcoin Trust and Osprey Bitcoin Trust trade at sizable premiums to their NAVs. In other words, in exchange for avoiding the hassles of investing on a cryptocurrency exchange, Grayscale Bitcoin Trust and Osprey Bitcoin Trust buyers are forking over a premium and paying annual management fees of 2% and 0.49%, respectively, just to have Bitcoin exposure.
A bitcoin ETF managed by Galaxy Digital goes live in Canada on March 9th 2021. CI Global Assets Management (CI GAM) has announced that its bitcoin ETF will hit the Toronto Stock Exchange (TSX). The announcement indicated that the product lists on March 9, 2021, making it the third Canadian bitcoin ETF to do so the last two months. The first North American bitcoin ETF was listed in February by Purpose Investment (with $200 million worth of shares sold on its first day). This product will be managed by CI GAM, with digital assets financial services firm Galaxy Digital Capital Management (GDAM) acting as “the bitcoin sub-advisor” for the product. GDAM will execute bitcoin trading on behalf of the ETF. GDAM is the asset management arm of Galaxy Digital, a diversified financial services firm dedicated to the digital asset and blockchain technology sector.
