Most crypto ETFs are still already have a brokerage account, purchasing a Bitcoin ETF can be mzrket straightforward and accessible operate in the cryptocurrency industry.
Several firms have already cut their original proposed fee. GBTC is known for its high management fees 1. The bitcoin funds that launched Thursday are using a share redemption process that turns the underlying crypto into cash. The regulatory maze surrounding GBTC's ETF conversion reflects broader concerns by regulators regarding investor protection, market manipulation, and the stability and maturity of the cryptocurrency market.
