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#Launched 18th June
VBTC - toot, toot - Good growth here
Info Below:
VBTC - VanEck Bitcoin ETF | The first & most cost-effective on ASX
ETFs Head-to-Head: VanEck ‘VBTC’ vs Global X 21Shares ‘EBTC’ - Selfwealth Media & Articles
Key takeaways:
- The VanEck Bitcoin ETF is the first Bitcoin ETF to list on the ASX, albeit the Global X 21Shares Bitcoin ETF has already been trading on the Cboe Australia market since 2022, amassing over $100 million in net assets since that time.
- VBTC is a ‘feeder fund’, investing directly in the US-listed VanEck Bitcoin Trust to gain exposure to Bitcoin, whereas EBTC is 100% backed by physical Bitcoin held in ‘cold storage’.
- In response to the launch of VBTC, Global X is reducing its management fee for EBTC, which means both funds will charge 0.59% per annum as of July 1, 2024.
- Please note that at the time of this article publication, VanEck Bitcoin ETF (VBTC) is not available to trade via the Selfwealth platform.
BTCUSD Bitcoin US Dollar - Currency Exchange Rate Live Price Chart
BTC$100 in in sight (USA - New Governance / Values proving a factor here)
