BRRR

Coinshares Bitcoin ETF Common Shares of Beneficial Interest

$26.62
+0.00%
Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Coinshares Bitcoin ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bitcoin cryptocurrency.

Overview

ETF tracking Coinshares Bitcoin ETF Common Shares of Beneficial Interest

Category Crypto
Issuer Other
Inception Date 2024-01-11
Market Cap $1.1M
Average Volume N/A
Dividend Yield N/A
52-Week Range $21.72 - $35.46
VWAP $27.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Coinshares Bitcoin ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bitcoin cryptocurrency.

🎯 Investment Strategy

The ETF invests directly in Bitcoin, the largest and most well-known cryptocurrency, in order to track its price movements. It does not use derivatives or other indirect exposure to achieve its investment objective.

✨ Key Features

  • Provides direct exposure to the price of Bitcoin, the leading digital asset
  • Fully backed by physical Bitcoin holdings, not derivatives or synthetic exposure
  • Aims to offer a convenient way for investors to gain exposure to Bitcoin through a traditional exchange-traded fund structure
  • Relatively low expense ratio compared to other crypto-focused ETFs

⚠️ Primary Risks

  • Cryptocurrency markets are highly volatile and speculative, with potential for significant price swings
  • Bitcoin and other cryptocurrencies are a relatively new and untested asset class, with uncertain long-term viability
  • Lack of regulation and potential for hacking, fraud, or operational issues in the crypto ecosystem
  • As a new ETF, it may have limited trading history and liquidity

👤 Best For

This ETF may be suitable for experienced investors seeking direct exposure to Bitcoin as part of a diversified portfolio, with a high risk tolerance and long-term investment horizon. It is not recommended for conservative or risk-averse investors.