🕷️ Crawler Inspector

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Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 62 (from laksa081)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa062.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.kiplinger.com/investing/cryptocurrency/603812/new-ways-to-invest-in-bitcoin\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.kiplinger.com/investing/cryptocurrency/603812/new-ways-to-invest-in-bitcoin\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.kiplinger.com\/investing\/cryptocurrency\/603812\/new-ways-to-invest-in-bitcoin","crawl_time":1776135917,"first_indexed_time":1637778830,"http_code":200,"src_unparsed":"com,kiplinger!www,\/investing\/cryptocurrency\/603812\/new-ways-to-invest-in-bitcoin s443","src_root_hash":"17775170722709703662","history_drop_reason":null,"meta_title":"New Ways to Invest in Bitcoin | Kiplinger","meta_descriptions":["ProShares Bitcoin Strategy and other ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency."],"attrs_boilerpipe_text":"The launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened,\nProShares Bitcoin Strategy ETF\n(\nBITO\n) had $1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF (\nBTF\n), opened two days after the ProShares fund.\nThe\nbitcoin futures ETFs\nare actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month.\nYou can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. \"So the futures market is a good place to get bitcoin exposure,\" he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash.\nFrom just\n$107.88\n$24.99 for Kiplinger Personal Finance\nBecome a smarter, better informed investor. Subscribe from just\n$107.88\n$24.99, plus get up to 4 Special Issues\nCLICK FOR FREE ISSUE\nSign up for Kiplinger’s Free Newsletters\nProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.\nProfit and prosper with the best of expert advice - straight to your e-mail.\nBoth ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S&P 500 index funds typically have a beta of 1.0 with the stock benchmark.\nBut futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns.\nETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts.\nEven so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF.\nThere are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF (\nSATO\n) focuses on companies that enable the crypto economy, such as Canaan (\nCAN\n), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust (\nGBTC\n) has yet another approach: Every share in the trust is backed by bitcoin.","attrs_markdown":"![](https:\/\/sb.scorecardresearch.com\/p\/?c1=2&c2=10055482&cv=4.4.0&cj=1)\n\n[![Kiplinger](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/c9yj8luxnb1764668254.svg) Kiplinger](https:\/\/www.kiplinger.com\/)\n\n[![https:\/\/cdn.mos.cms.futurecdn.net\/hwgJ7osrMtUWhk5koeVme7-200-80.png](https:\/\/cdn.mos.cms.futurecdn.net\/hwgJ7osrMtUWhk5koeVme7-200-80.png) From ~~\\$107.88~~ \\$24.99 Subscribe to Kiplinger](https:\/\/subscribe.kiplinger.com\/servlet\/OrdersGateway?cds_mag_code=KPP&cds_page_id=283998&cds_response_key=95HPNBC1&utm_medium=referral&utm_source=kiplinger.com&utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_topnav-&utm_content=header-blockHeadline)\n\n×\n\n- [Retirement](https:\/\/www.kiplinger.com\/retirement)   Retirement\n  - - Retirement\n      Retirement\n      - [View all Retirement](https:\/\/www.kiplinger.com\/retirement)\n      - 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[Home](https:\/\/www.kiplinger.com\/)\n2. [Investing](https:\/\/www.kiplinger.com\/investing)\n3. [Cryptocurrency](https:\/\/www.kiplinger.com\/investing\/cryptocurrency)\n# New Ways to Invest in Bitcoin\nProShares Bitcoin Strategy and other ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency.\n\n![Nellie S. Huang's avatar](https:\/\/cdn.mos.cms.futurecdn.net\/3Lr5c7Az9CTSiH3F7ZcyUb-200-80.jpg)\n\nBy [Nellie S. Huang](https:\/\/www.kiplinger.com\/author\/nellie-s-huang)\n\npublished\n\n24 November 2021\n\nin [Features](https:\/\/www.kiplinger.com\/features)\n\nWhen you purchase through links on our site, we may earn an affiliate commission. [Here’s how it works](https:\/\/www.kiplinger.com\/content-funding-on-kiplinger).\n\n![bitcoin coins art concept](https:\/\/cdn.mos.cms.futurecdn.net\/b9dMi3U9bYouPCdVYYhmEB.jpg)\n\n(Image credit: Getty Images)\n\n- Copy link\n- [Facebook](https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.kiplinger.com%2Finvesting%2Fcryptocurrency%2F603812%2Fnew-ways-to-invest-in-bitcoin)\n- [X](https:\/\/twitter.com\/intent\/tweet?text=New+Ways+to+Invest+in+Bitcoin&url=https%3A%2F%2Fwww.kiplinger.com%2Finvesting%2Fcryptocurrency%2F603812%2Fnew-ways-to-invest-in-bitcoin)\n\nShare this article\n\nPrint\n\nJoin the conversation\n\n[Follow us](https:\/\/google.com\/preferences\/source?q=kiplinger.com)\n\nAdd us as a preferred source on Google\n\nNewsletter\n\nGet Kiplinger Today newsletter — free\n\nProfit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.\n\n***\nBy signing up, you agree to our [Terms of services](https:\\\/\\\/futureplc.com\\\/terms-conditions\\\/)  and acknowledge that you have read our [Privacy Notice](https:\\\/\\\/futureplc.com\\\/privacy-policy\\\/). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time.\n\nYou are now subscribed\n\nYour newsletter sign-up was successful\n\n***\nWant to add more newsletters?\n\n![Kiplinger Today](https:\/\/cdn.mos.cms.futurecdn.net\/Cz67FUT8psSrZNMjq7rgL4.jpg)\n\nDelivered daily\n\nKiplinger Today\n\nProfit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.\n\nSubscribe +\n\n![Kiplinger A Step Ahead](https:\/\/cdn.mos.cms.futurecdn.net\/Zhxc7fTLQWFF8G3ABVrdSR.jpg)\n\nSent five days a week\n\nKiplinger A Step Ahead\n\nGet practical help to make better financial decisions in your everyday life, from spending to savings on top deals.\n\nSubscribe +\n\n![Kiplinger Closing Bell](https:\/\/cdn.mos.cms.futurecdn.net\/564qqJEiSykJwRmnoziZAf.jpg)\n\nDelivered daily\n\nKiplinger Closing Bell\n\nGet today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.\n\nSubscribe +\n\n![Kiplinger Adviser Intel](https:\/\/cdn.mos.cms.futurecdn.net\/3rtFjW5untZ5gvv54S2iA4.jpg)\n\nSent twice a week\n\nKiplinger Adviser Intel\n\nFinancial pros across the country share best practices and fresh tactics to preserve and grow your wealth.\n\nSubscribe +\n\n![Kiplinger Tax Tips](https:\/\/cdn.mos.cms.futurecdn.net\/nNZAGb5zafwV83TX9J5XUM.jpg)\n\nDelivered weekly\n\nKiplinger Tax Tips\n\nTrim your federal and state tax bills with practical tax-planning and tax-cutting strategies.\n\nSubscribe +\n\n![Kiplinger Retirement Tips](https:\/\/cdn.mos.cms.futurecdn.net\/mgzV3FbpbDnEfxtErC36pe.jpg)\n\nSent twice a week\n\nKiplinger Retirement Tips\n\nYour twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement\n\nSubscribe +\n\n![Kiplinger Adviser Angle](https:\/\/cdn.mos.cms.futurecdn.net\/UpPo4bgpUFwJYsgaiHT7C4.jpg)\n\nSent bimonthly.\n\nKiplinger Adviser Angle\n\nInsights for advisers, wealth managers and other financial professionals.\n\nSubscribe +\n\n![Kiplinger Investing Weekly](https:\/\/cdn.mos.cms.futurecdn.net\/d36qiFiZZ4kuHvrFsSipXN.jpg)\n\nSent twice a week\n\nKiplinger Investing Weekly\n\nYour twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.\n\nSubscribe +\n\n![Kiplinger Invest for Retirement](https:\/\/cdn.mos.cms.futurecdn.net\/q32bdLaWponxbDpZ4ZyrtX.jpg)\n\nSent weekly for six weeks\n\nKiplinger Invest for Retirement\n\nYour step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.\n\nSubscribe +\n\n***\nAn account already exists for this email address, please log in.\n\nSubscribe to our newsletter\n\nThe launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened, **ProShares Bitcoin Strategy ETF** ([BITO](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=BITO)) had \\$1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF ([BTF](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=BTF)), opened two days after the ProShares fund.\n\n#####\n[Kip ETF 20: The Best Cheap ETFs You Can Buy](https:\/\/www.kiplinger.com\/investing\/etfs\/603214\/kip-etf-20-the-best-cheap-etfs-you-can-buy)\n\nThe [bitcoin futures ETFs](https:\/\/www.kiplinger.com\/investing\/cryptocurrency\/603600\/bitcoin-etfs-cryptocurrency-funds) are actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month.\n\nYou can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. \"So the futures market is a good place to get bitcoin exposure,\" he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash.\n\n## From just ~~\\$107.88~~ \\$24.99 for Kiplinger Personal Finance\nBecome a smarter, better informed investor. Subscribe from just ~~\\$107.88~~ \\$24.99, plus get up to 4 Special Issues\n\n[CLICK FOR FREE ISSUE](https:\/\/subscribe.kiplinger.com\/servlet\/OrdersGateway?cds_mag_code=KPP&cds_page_id=283998&cds_response_key=95HPNBC1&utm_medium=referral&utm_source=kiplinger.com&utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_inarticle-&utm_content=in-article)\n\n![https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/y99mlvgqmn1763972420.png](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/y99mlvgqmn1763972420.png)\n\n## Sign up for Kiplinger’s Free Newsletters\nProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.\n\nProfit and prosper with the best of expert advice - straight to your e-mail.\n\n[Sign up](https:\/\/www.kiplinger.com\/newsletter)\n\nBoth ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S\\&P 500 index funds typically have a beta of 1.0 with the stock benchmark.\n\nBut futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns.\n\n#####\n[How Do I Spend My Bitcoin? (And Where?)](https:\/\/www.kiplinger.com\/investing\/cryptocurrency\/603697\/how-do-i-spend-my-bitcoin-and-where)\n\nETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts.\n\nEven so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF.\n\nThere are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF ([SATO](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=SATO)) focuses on companies that enable the crypto economy, such as Canaan ([CAN](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=CAN)), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust ([GBTC](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=GBTC)) has yet another approach: Every share in the trust is backed by bitcoin.\n\n![bitcoin etfs](https:\/\/cdn.mos.cms.futurecdn.net\/fJaq9MCDxTNfyxhcUKvbk4.jpg)\n\n#####\n[8 Top Cryptocurrency Stocks for the Next Bitcoin Boom](https:\/\/www.kiplinger.com\/investing\/603030\/top-crypto-stocks-for-the-bitcoin-boom)\n\nTOPICS\n\n[S\\&P 500](https:\/\/www.kiplinger.com\/tag\/sandp-500)\n\nGet Kiplinger Today newsletter — free\n\nProfit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.\n\nBy signing up, you agree to our [Terms of services](https:\\\/\\\/futureplc.com\\\/terms-conditions\\\/)  and acknowledge that you have read our [Privacy Notice](https:\\\/\\\/futureplc.com\\\/privacy-policy\\\/). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time.\n\n![Nellie S. Huang](https:\/\/cdn.mos.cms.futurecdn.net\/3Lr5c7Az9CTSiH3F7ZcyUb.jpg)\n\n[Nellie S. Huang](https:\/\/www.kiplinger.com\/author\/nellie-s-huang)\n\nSocial Links Navigation\n\nSenior Editor, Kiplinger Personal Finance Magazine\n\nNellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the *Wall Street Journal Asia,* where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the *Wall Street Journal Asia.* Kiplinger isn't Nellie's first foray into personal finance: She has also worked at *SmartMoney* (rising from fact-checker to senior writer), and she was a senior editor at *Money.*\n\nUseful links\n\nSubscribe\n\n- [Subscriptions Store](https:\/\/www.kiplinger.com\/subscription)\n- [My Subscriptions](https:\/\/my.kiplinger.com\/login\/wlogin.php?pub=kcm&acct_num=&lusername=)\n- [Kiplinger App](https:\/\/go.redirectingat.com\/?id=92X363&xcust=hawk_7959462598485325035&xs=1&url=https%3A%2F%2Fapps.apple.com%2Fgb%2Fapp%2Fkiplinger-personal-finance%2Fid564103002%3Fplatform%3Diphone&sref=https%3A%2F%2Fmy.kiplinger.com%2Fbusiness-resource%2Fkiparchive.php)\n- [Kiplinger Newsletters](https:\/\/www.kiplinger.com\/newsletter)\n\nKiplinger\n\n- [About Kiplinger](https:\/\/www.kiplinger.com\/about-us)\n- [Readers' Choice Awards](https:\/\/www.kiplinger.com\/awards)\n- [Kiplinger Puzzles](https:\/\/www.kiplinger.com\/puzzles)\n- [Ask the Editor](https:\/\/www.kiplinger.com\/ask-the-editor)\n\nFeatured\n\n- [Stock Market Today](https:\/\/www.kiplinger.com\/tag\/closing-bell)\n- [Economic Forecasts](https:\/\/www.kiplinger.com\/economic-forecasts)\n- [Adviser Intel](https:\/\/www.kiplinger.com\/tag\/adviser-intel)\n- [Tools and Calculators](https:\/\/www.kiplinger.com\/tools)\n\n- [About Us](https:\/\/www.kiplinger.com\/about-us)\n- [Contact Future's experts](https:\/\/futureplc.com\/contact\/)\n- [Terms and Conditions](https:\/\/futureplc.com\/terms-conditions\/)\n- [Privacy Policy](https:\/\/futureplc.com\/privacy-policy\/)\n- [Cookie Policy](https:\/\/futureplc.com\/cookies-policy\/)\n- [Advertise with us](https:\/\/go.future-advertising.com\/Kiplinger-Media-Kit.html)\n- [Do not sell or share my personal information](https:\/\/www.kiplinger.com\/privacy-portal)\n\n[![Add as a preferred source on Google](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/mednnv697g1760357120.png) Add as a preferred source on Google](https:\/\/google.com\/preferences\/source?q=kiplinger.com)\n\nKiplinger is part of Future US Inc, an international media group and leading digital publisher. [Visit our corporate site](https:\/\/futureplc.com\/).\n\n© Future US, Inc. Full 7th Floor, 130 West 42nd Street, New York, NY 10036.","attrs_readable_markdown":"The launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened, **ProShares Bitcoin Strategy ETF** ([BITO](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=BITO)) had \\$1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF ([BTF](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=BTF)), opened two days after the ProShares fund.\n\nThe [bitcoin futures ETFs](https:\/\/www.kiplinger.com\/investing\/cryptocurrency\/603600\/bitcoin-etfs-cryptocurrency-funds) are actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month.\n\nYou can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. \"So the futures market is a good place to get bitcoin exposure,\" he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash.\n\n## From just ~~\\$107.88~~ \\$24.99 for Kiplinger Personal Finance\nBecome a smarter, better informed investor. Subscribe from just ~~\\$107.88~~ \\$24.99, plus get up to 4 Special Issues\n\n[CLICK FOR FREE ISSUE](https:\/\/subscribe.kiplinger.com\/servlet\/OrdersGateway?cds_mag_code=KPP&cds_page_id=283998&cds_response_key=95HPNBC1&utm_medium=referral&utm_source=kiplinger.com&utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_inarticle-&utm_content=in-article)\n\n## Sign up for Kiplinger’s Free Newsletters\nProfit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.\n\nProfit and prosper with the best of expert advice - straight to your e-mail.\n\nBoth ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S\\&P 500 index funds typically have a beta of 1.0 with the stock benchmark.\n\nBut futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns.\n\nETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts.\n\nEven so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF.\n\nThere are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF ([SATO](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=SATO)) focuses on companies that enable the crypto economy, such as Canaan ([CAN](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=CAN)), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust ([GBTC](https:\/\/www.kiplinger.com\/tfn\/ticker.html?ticker=GBTC)) has yet another approach: Every share in the trust is backed by bitcoin.\n\n![bitcoin etfs](https:\/\/cdn.mos.cms.futurecdn.net\/fJaq9MCDxTNfyxhcUKvbk4.jpg)","meta_canonical":null}

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Boilerpipe Text	The launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened, ProShares Bitcoin Strategy ETF ( BITO ) had $1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF ( BTF ), opened two days after the ProShares fund. The bitcoin futures ETFs are actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month. You can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. "So the futures market is a good place to get bitcoin exposure," he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Both ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S&P 500 index funds typically have a beta of 1.0 with the stock benchmark. But futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns. ETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts. Even so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF. There are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF ( SATO ) focuses on companies that enable the crypto economy, such as Canaan ( CAN ), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust ( GBTC ) has yet another approach: Every share in the trust is backed by bitcoin.
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[Home](https://www.kiplinger.com/) 2. [Investing](https://www.kiplinger.com/investing) 3. [Cryptocurrency](https://www.kiplinger.com/investing/cryptocurrency) # New Ways to Invest in Bitcoin ProShares Bitcoin Strategy and other ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. ![Nellie S. Huang's avatar](https://cdn.mos.cms.futurecdn.net/3Lr5c7Az9CTSiH3F7ZcyUb-200-80.jpg) By [Nellie S. Huang](https://www.kiplinger.com/author/nellie-s-huang) published 24 November 2021 in [Features](https://www.kiplinger.com/features) When you purchase through links on our site, we may earn an affiliate commission. [Here’s how it works](https://www.kiplinger.com/content-funding-on-kiplinger). ![bitcoin coins art concept](https://cdn.mos.cms.futurecdn.net/b9dMi3U9bYouPCdVYYhmEB.jpg) (Image credit: Getty Images) - Copy link - [Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.kiplinger.com%2Finvesting%2Fcryptocurrency%2F603812%2Fnew-ways-to-invest-in-bitcoin) - [X](https://twitter.com/intent/tweet?text=New+Ways+to+Invest+in+Bitcoin&url=https%3A%2F%2Fwww.kiplinger.com%2Finvesting%2Fcryptocurrency%2F603812%2Fnew-ways-to-invest-in-bitcoin) Share this article Print Join the conversation [Follow us](https://google.com/preferences/source?q=kiplinger.com) Add us as a preferred source on Google Newsletter Get Kiplinger Today newsletter — free Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up. * By signing up, you agree to our [Terms of services](https:\/\/futureplc.com\/terms-conditions\/) and acknowledge that you have read our [Privacy Notice](https:\/\/futureplc.com\/privacy-policy\/). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time. You are now subscribed Your newsletter sign-up was successful * Want to add more newsletters? ![Kiplinger Today](https://cdn.mos.cms.futurecdn.net/Cz67FUT8psSrZNMjq7rgL4.jpg) Delivered daily Kiplinger Today Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here. 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Subscribe + ![Kiplinger Retirement Tips](https://cdn.mos.cms.futurecdn.net/mgzV3FbpbDnEfxtErC36pe.jpg) Sent twice a week Kiplinger Retirement Tips Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement Subscribe + ![Kiplinger Adviser Angle](https://cdn.mos.cms.futurecdn.net/UpPo4bgpUFwJYsgaiHT7C4.jpg) Sent bimonthly. Kiplinger Adviser Angle Insights for advisers, wealth managers and other financial professionals. Subscribe + ![Kiplinger Investing Weekly](https://cdn.mos.cms.futurecdn.net/d36qiFiZZ4kuHvrFsSipXN.jpg) Sent twice a week Kiplinger Investing Weekly Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why. Subscribe + ![Kiplinger Invest for Retirement](https://cdn.mos.cms.futurecdn.net/q32bdLaWponxbDpZ4ZyrtX.jpg) Sent weekly for six weeks Kiplinger Invest for Retirement Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose. Subscribe + * An account already exists for this email address, please log in. Subscribe to our newsletter The launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened, ProShares Bitcoin Strategy ETF** ([BITO](https://www.kiplinger.com/tfn/ticker.html?ticker=BITO)) had \$1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF ([BTF](https://www.kiplinger.com/tfn/ticker.html?ticker=BTF)), opened two days after the ProShares fund. ##### [Kip ETF 20: The Best Cheap ETFs You Can Buy](https://www.kiplinger.com/investing/etfs/603214/kip-etf-20-the-best-cheap-etfs-you-can-buy) The [bitcoin futures ETFs](https://www.kiplinger.com/investing/cryptocurrency/603600/bitcoin-etfs-cryptocurrency-funds) are actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month. You can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. "So the futures market is a good place to get bitcoin exposure," he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash. ## From just ~~\$107.88~~ \$24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just ~~\$107.88~~ \$24.99, plus get up to 4 Special Issues [CLICK FOR FREE ISSUE](https://subscribe.kiplinger.com/servlet/OrdersGateway?cds_mag_code=KPP&cds_page_id=283998&cds_response_key=95HPNBC1&utm_medium=referral&utm_source=kiplinger.com&utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_inarticle-&utm_content=in-article) ![https://cdn.mos.cms.futurecdn.net/flexiimages/y99mlvgqmn1763972420.png](https://cdn.mos.cms.futurecdn.net/flexiimages/y99mlvgqmn1763972420.png) ## Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. [Sign up](https://www.kiplinger.com/newsletter) Both ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S\&P 500 index funds typically have a beta of 1.0 with the stock benchmark. But futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns. ##### [How Do I Spend My Bitcoin? (And Where?)](https://www.kiplinger.com/investing/cryptocurrency/603697/how-do-i-spend-my-bitcoin-and-where) ETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts. Even so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF. There are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF ([SATO](https://www.kiplinger.com/tfn/ticker.html?ticker=SATO)) focuses on companies that enable the crypto economy, such as Canaan ([CAN](https://www.kiplinger.com/tfn/ticker.html?ticker=CAN)), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust ([GBTC](https://www.kiplinger.com/tfn/ticker.html?ticker=GBTC)) has yet another approach: Every share in the trust is backed by bitcoin. ![bitcoin etfs](https://cdn.mos.cms.futurecdn.net/fJaq9MCDxTNfyxhcUKvbk4.jpg) ##### [8 Top Cryptocurrency Stocks for the Next Bitcoin Boom](https://www.kiplinger.com/investing/603030/top-crypto-stocks-for-the-bitcoin-boom) TOPICS [S\&P 500](https://www.kiplinger.com/tag/sandp-500) Get Kiplinger Today newsletter — free Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up. By signing up, you agree to our [Terms of services](https:\/\/futureplc.com\/terms-conditions\/) and acknowledge that you have read our [Privacy Notice](https:\/\/futureplc.com\/privacy-policy\/). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time. ![Nellie S. Huang](https://cdn.mos.cms.futurecdn.net/3Lr5c7Az9CTSiH3F7ZcyUb.jpg) [Nellie S. Huang](https://www.kiplinger.com/author/nellie-s-huang) Social Links Navigation Senior Editor, Kiplinger Personal Finance Magazine Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money. 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Readable Markdown	The launch of an exchange-traded fund (ETF) based on bitcoin futures in October was epic. Less than a month after it opened, ProShares Bitcoin Strategy ETF ([BITO](https://www.kiplinger.com/tfn/ticker.html?ticker=BITO)) had \$1.26 billion in assets – one of the biggest ETF debuts ever. A second bitcoin futures fund, Valkyrie Bitcoin Strategy ETF ([BTF](https://www.kiplinger.com/tfn/ticker.html?ticker=BTF)), opened two days after the ProShares fund. The [bitcoin futures ETFs](https://www.kiplinger.com/investing/cryptocurrency/603600/bitcoin-etfs-cryptocurrency-funds) are actively managed and use similar strategies. The managers buy one-month forward futures contracts – the nearest-dated contract – tied to bitcoin prices. Every month, they close or sell those contracts before they expire and buy new contracts dated for the next month. You can't actually invest in bitcoin's spot price –the price at which an asset can be bought or sold for immediate delivery – says Simeon Hyman, head of investment strategy at ProShares. "So the futures market is a good place to get bitcoin exposure," he says. Because of the way futures contracts are sold, a certain amount of cash per contract needs to be held in collateral. That's why these ETFs are heavy in Treasuries and cash. ## From just ~~\$107.88~~ \$24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just ~~\$107.88~~ \$24.99, plus get up to 4 Special Issues [CLICK FOR FREE ISSUE](https://subscribe.kiplinger.com/servlet/OrdersGateway?cds_mag_code=KPP&cds_page_id=283998&cds_response_key=95HPNBC1&utm_medium=referral&utm_source=kiplinger.com&utm_campaign=kip-all-digital_referral-uctbc-202507-sub-none-brandsite_inarticle-&utm_content=in-article) ## Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Both ProShares and Valkyrie examined how their respective futures-based strategies would have performed in the past, relative to the spot price of bitcoin, and found a high correlation – a so-called beta of 0.87 to 0.99 – between the two. For context, S\&P 500 index funds typically have a beta of 1.0 with the stock benchmark. But futures investing comes with some unique risks. Because of how these securities are priced, shifts in supply and demand for the underlying asset – in this case, bitcoin – can impact contract prices and the fund's returns. ETFs also have limits on the amount of any given contract they can own, says Steven McClurg, Valkyrie Funds' chief investment officer. Funds with sizable assets may be forced to purchase longer-dated futures contracts, and that can increase volatility. In early November, for instance, ProShares' BITO held November and December contracts. Even so, the ETFs offer an easier way to gain bitcoin exposure than buying the actual cryptocurrency. You don't have to open a digital currency exchange account or remember any passwords. But if you plan to invest, devote only a small portion of your portfolio to this kind of futures ETF. There are other ways to gain exposure to bitcoin and blockchain, the technology behind the digital asset. Invesco Alerian Galaxy Crypto Economy ETF ([SATO](https://www.kiplinger.com/tfn/ticker.html?ticker=SATO)) focuses on companies that enable the crypto economy, such as Canaan ([CAN](https://www.kiplinger.com/tfn/ticker.html?ticker=CAN)), a Chinese maker of servers and microprocessors used to create bitcoin. Grayscale Bitcoin Trust ([GBTC](https://www.kiplinger.com/tfn/ticker.html?ticker=GBTC)) has yet another approach: Every share in the trust is backed by bitcoin. ![bitcoin etfs](https://cdn.mos.cms.futurecdn.net/fJaq9MCDxTNfyxhcUKvbk4.jpg)
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