Bitcoin was a novel concept in that it was an entirely digital peer-to-peer currency. That means that it could facilitate payments between two people instantaneously without a third party (such as a bank) in the middle.
A single Bitcoin was trading at around $5 at the beginning of 2012. Even if you had invested $10,000 at the beginning of 2020, you'd have averaged making $200 a day since then.
The only way to buy Bitcoin was through specialized exchanges such as Coinbase or Gemini. You would then either keep it in an account with the exchange, or transfer it into “cold storage” to a Bitcoin wallet.
Here are some of the benefits of a Bitcoin ETF: 1. Increased Investor Adoption 2. Lower Compliance Risk 3. Better Storage Solutions
Here are some of the Risks of a Bitcoin ETF: 1. Regulatory Risk 2. Security Risk 3. Perceived Value Risk
Here are some of the best Bitcoin ETF alternatives: 1. Grayscale Bitcoin Trust (GBTC) 2. BlockFi 3. Coinbase 4. Blockchain ETF