If owning “physical” cryptocurrencies is a too technical for you but you would still like to be involved in the marketplace, then consider buying the new Grayscale Bitcoin Mini Trust (BTC) or the Grayscale Ethereum Mini Trust (ETH) which allow investors to gain exposure to Bitcoin and Ethereum through their brokerage account without the need to set up an account or wallet on a cryptocurrency trading platform.
The Grayscale Bitcoin Mini Trust is:
- a passively managed exchange-traded fund offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities,
- has a management fee of only 0.15%, which is the lowest in the sector and includes all of the costs associated with administration and safekeeping of the underlying Bitcoin. There are no other fees.
- currently has $2.14B in assets under management,
- trades on NYSE Arca,
- is available through your brokerage account, and
- is included in the MunAiMarkets Lorimer’s Select ETF Portfolio.
The Grayscale Ethereum Mini Trust is:
- a passively managed exchange-traded fund offering exposure to the daily USD spot price of Ethereum, less expenses and liabilities,
- has a management fee of only 0.15%, which is the lowest in the sector and includes all of the costs associated with administration and safekeeping of the underlying Ethereum. There are no other fees.
- currently has $945M in assets under management,
- trades on NYSE Arca and
- is available through your brokerage account.
