Bitcoin Tracker One: The Bitcoin ETF Alternative

While a few bitcoin-linked securities, like bitcoin futures contracts, have been approved by the regulators and are actively trading in U.S. and global markets, the market participation in such derivatives-based securities has mostly remained confined to the active traders and institutional participants with deep pockets. Cryptocurrency proponents have been advocating the launch of a bitcoin exchange-traded fund (ETF) for a long time.

Once approved, it is expected to facilitate a low-cost and convenient route for the retail investors to gain bitcoin exposure through exchange-traded products. Several applications to the Securities and Exchange Commission (SEC) for bitcoin ETFs have been unsuccessful, leaving no domestic option for bitcoin ETF for U.S.-based investors. However, a foreign-listed instrument recently paved the way for allowing U.S. investors to take a secure route to trading and investing in bitcoin. (See also: SEC Again Rejects a Slew of Bitcoin…