Seeking Alpha
2021-01-13 20:13:41

Winklevoss Bitcoin Trust ETF: A Useless Financial Product

The proposed Winklevoss Bitcoin Trust ETF tracks Bitcoin so that investors can purchase bitcoin through a brokerage.An investigation into the ETF's SEC registered documents reveals unspecified fees.ETF premiums to underlying Bitcoin and management fees mean that investors should never buy Bitcoin ETFs, regardless of bullishness on Bitcoin.Buying Bitcoin through ETFs removes the ability to earn interest on Bitcoin holdings.

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