Bitcoin ETFs Gain Traction: iShares and Grayscale Lead Investor Interest

Bitcoin ETFs are gaining popularity among investors, despite the inherent risks associated with the cryptocurrency's volatility and limited real-world applications. According to recent data, iShares Bitcoin Trust (NASDAQ: IBIT), launched last year, has amassed approximately $56 billion in assets. Millennium Management's Israel Englander increased his holdings to 23.5 million shares late last year. The ETF has an expense ratio of 0.25%. Another popular option is the Grayscale Bitcoin Mini Trust ETF (NYSEMKT: BTC), spun off from Grayscale's larger Bitcoin ETF, with 10% of its holdings transferred. It boasts a low fee of 0.15%, significantly cheaper than Grayscale's original Bitcoin Trust's 1.5% fee. This lower fee structure allows investors to retain more of their returns as the ETF's value increases.