Bitcoin ETFs: 51 Risks You Should Know About
2017 has been a transformative year for bitcoin, with the cryptocurrency vaulting into the collective consciousness of ordinary investors. Buying bitcoin involves a fairly complicated process, and so some investors would much prefer to buy shares of an exchange-traded fund if it were available. Several companies have filed to release bitcoin ETFs, with the ProShares Bitcoin ETF and Short Bitcoin ETF aiming to become the first ones available for listing on the New York Stock Exchange.
Yet for investors who think that an ETF-related bitcoin investment will be free of risk, think again. Even ProShares itself is up front about the risks of bitcoin ETF investing. Below, you'll find the risk factors that ProShares disclosed in its filing back in September to release its bitcoin ETFs. Although they're specifically related to the ProShares bitcoin ETFs, many of the same risks will be present in the other bitcoin ETFs currently under consideration.
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