Wed Nov 27 12:40:00 UTC 2024: ## Bitcoin’s Surge Fuels ETF Interest: BTCC and WGMI Offer Exposure to Crypto Market
**Toronto/New York –** With Bitcoin prices soaring over 124% year-to-date, investors are increasingly seeking ways to capitalize on the cryptocurrency boom. Two Bitcoin-based exchange-traded funds (ETFs), the Purpose Bitcoin ETF (BTCC) and the Valkyrie Bitcoin Miners ETF (WGMI), are attracting attention as relatively low-risk options for exposure to this volatile market.
BTCC, the world’s first physically settled Bitcoin ETF, boasts over C$961 million in assets under management (AUM), holding approximately 25,298 Bitcoin in secure offline storage. Its year-to-date return mirrors Bitcoin’s performance at 121.5%, though it carries a 1% expense ratio.
Alternatively, WGMI, an actively managed ETF investing in Bitcoin mining companies, offers a different approach. Launched in July 2022, WGMI has an AUM of $224.29 million and a lower expense ratio of 0.75%. Its top holdings include Core Scientific, Iris Energy, and Cipher Mining, and analysts give it a strong buy consensus rating, predicting a potential 60.6% upside.
Both ETFs provide investors with a more accessible and liquid way to participate in the Bitcoin market compared to directly holding cryptocurrency. However, potential investors are advised to conduct thorough research before investing, considering the inherent risks associated with the cryptocurrency market.
First Piper 