While it doesn’t offer as many cryptocurrencies as its parent company, you can still trade around 150 coins on the U.S. platform, and bitcoin trades are free. The crypto giant also has a strong array of coins available for staking, with 16 coins offered, meaning it has all the biggest proof-of-stake coins and some more obscure offerings. Trading hours for cryptocurrency A spot bitcoin ETF allows investors to gain direct exposure to bitcoin without holding it. Unlike regular bitcoin ETFs, in which bitcoin futures contracts are the underlying asset, bitcoins are the underlying asset of a spot bitcoin ETF. Each spot bitcoin ETF is managed by a firm that issues shares of its own bitcoin holdings purchased through other holders or through an authorized cryptocurrency exchange. The shares are listed on a traditional stock exchange.
It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large. What do you get? Technology always brings with it a mystique that initially anesthetizes governments and users to the risks. But crypto has been able to marshal a powerful group of promotors. The base is made up of counterculture enthusiasts — let’s call them cryptonites — who are enamored with subterranean, untraceable forms of digital money — neither of which many cryptocurrencies really are — that circumvent intrusive government oversight and traditional financial intermediaries. They naturally leap at shiny new digital objects that fit that profile despite the glaring risks.