EBTC – ETFS 21SHARES BITCOIN ETF
EBTC, the ETFS 21SHARES BITCOIN ETF, tracks the performance of the price of Bitcoin in Australian dollars before fees and expenses. It provides holders with an interest in Bitcoin held in cold storage by Coinbase, the world’s largest custodian of cryptocurrencies. It gives investors a way to trade bitcoin in a tightly regulated environment without needing to establish and maintain their own bitcoin wallets and the risks associated with that.
Bitcoin allows people to transfer digital money between each other without needing a financial middleman like a bank. It can be thought of as a digital or “crypto” currency that has no government behind it. While there are many other such online currencies these days, Bitcoin was the first and as of December 2021 remains the largest.
Unhedged
Management Fee 1.25%pa
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