Three bitcoin ETFs with risk ahead

Article Excerpt

Bitcoin and other cryptocurrency assets have attracted considerable investor interest over the past few years. And, needless to say, ETF providers have jumped on this trend to provide investors with an opportunity to buy bitcoin—for a fee. We think buying bitcoin as well as other cryptocurrencies is highly risky and has a good chance of handing you a big loss. But for those set on investing in bitcoin or other cryptocurrencies, below we analyze three ETFs that will let you do that with relatively low fees. Meanwhile, please see the Supplement on page 79, which provides a brief overview of the cryptocurrency world—and more on its unique risks. PURPOSE BITCOIN ETF $6.80 (Toronto symbol BTCC; TSINetwork ETF Rating: Aggressive; Market cap: $712.7 million) invests in the cryptocurrency bitcoin. There are three versions of this ETF available. The BTCC version invests in bitcoin and hedges the currency exposure back to the Canadian dollar. The BTCC.U version is priced in U.S. dollars and the…