If you've been wanting to get exposure to Bitcoin without dealing with crypto wallets, private keys, or exchange accounts, you're in the right place. The stock market has opened up some genuinely solid ways to invest in Bitcoin, and I've gone through the main options so you don't have to. Whether you're a hands-off investor or someone who wants a little more control, there's something here for you. Let me walk you through what I think are the best routes to take.
Bitcoin ETFs are probably the most straightforward way to get Bitcoin through your regular brokerage account. Since SEC approved spot Bitcoin ETFs in January 2024, products like iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) have made it incredibly easy to buy Bitcoin just like you'd buy a share of Apple or Tesla. You don't own the actual Bitcoin, but your investment moves with its price. This is my top recommendation for anyone who wants simplicity and the comfort of a regulated product sitting inside their existing portfolio.
Before ETFs arrived, Bitcoin futures ETFs were the game in town. Products like ProShares Bitcoin Strategy ETF (BITO) track futures contracts rather than the actual asset. There's also the Grayscale Bitcoin Trust (GBTC), which has around since 2013 and recently converted to a spot ETF, but it still carries higher fees than newer competitors. Futures-based products can sometimes trade at a premium discount to Bitcoin's actual price, which is something to watch That said, they're still a legitimate accessible option, especially if your brokerage doesn't yet support ETFs.
If you want indirect exposure to Bitcoin through the stock market, consider companies that are deeply tied to Bitcoin's performance. Publicly traded Bitcoin mining companies like Marathon Digital Holdings (MARA) and Riot Platforms (RIOT) tend to move in correlation with Bitcoin's price. MicroStrategy (MSTR) is another popular pick — company holds a massive amount of Bitcoin on its balance sheet and has become almost leveraged proxy for BTC. These are equities, so they carry company-specific risk on top of crypto volatility, but they can be a high-upside play investors willing to accept that.
For the long-term thinkers there, a self-directed IRA that allows crypto investments is worth looking into. Providers like BitcoinRA and iTrustCapital let you hold actual Bitcoin inside tax-advantaged retirement account. It's a bit more complex to set up than buying an ETF, but the tax benefits can be substantial over time, especially if you're betting on Bitcoin appreciating significantly over the next decade. This sits at the intersection of traditional retirement planning and crypto exposure, and I it's underrated.
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