Bitcoin ETP to be launched on Swiss Stock Exchange by CoinShares. According to a Bloomberg report, CoinShares announced Monday that it will be launching an exchange-traded bitcoin product (ETP) on Swiss stock exchange SIX.

Today, the ETP is expected to go live and will be listed under the BITC ticker. The assets of the product will be owned by Komainu, a company involving Nomura Holdings, CoinShares and Ledger that was launched around a year ago.

BITC will charge a 0.98% expense ratio and will be physically backed by bitcoin. ETC Group, a digital asset-backed securities developer announced last week that it would list a physically backed bitcoin ETP on SIX.

After the approval of the world’s first-ever Bitcoin Exchange-Traded Fund being launched at the Bermuda Stock Exchange (BSX) by the regulated Brazilian fund manager Hashdex in collaboration with Nasdaq, the cryptocurrency industry is going to witness the world’s first-ever Ethereum Exchange Traded Fund (ETF) very soon. However, Ethereum ETF will be launched on a Canadian stock exchange. The Ethereum exchange-traded fund is currently going through an Initial Public Offering (IPO).

Called “The Ether Fund”, an IPO of this exchange-traded fund will be launched by the Canada-based cryptocurrency asset management firm 3iQ next week on the Toronto Stock Exchange (TSX). The Ether Fund will be available on this Canadian stock exchange under the QETH.U ticker. With the launch of this fund in Canada, the residents of the country will be able to access the world’s second-largest cryptocurrency by market cap Ether in the form of an Exchange-Traded Product.

As announced by 3iQ Corp, the maximum size of the offering that has been specified for the launch is more than $107 million. While on the other hand, the minimum size of the offering is $20 million, said the asset management firm. As revealed in the announcement, the 10th of December 2020 is the closing date for this offering.

Reportedly, the crypto asset management firm 3iQ will be the portfolio manager as well as the investment manager of this exchange-traded fund. While disclosing more information regarding the fund, they said, “the syndicate of agents for the Offering is being led by Canaccord Genuity Corp. and includes Richardson Wealth Limited, Echelon Wealth Partners Inc., Leede Jones Gable Inc., Mackie Research Capital Corporation and PI Financial Corp.”

While announcing the news on the 3rd of December, 3iQ said that it has received a receipt for this exchange-traded fund’s final prospectus.

Furthermore, the firm outlined various investment objectives of this fund. First of all, this exchange-traded fund will offer investors an opportunity to build exposure to Ether (ETH) the native digital currency of the world’s second-largest blockchain network. And they will also be able to keep an eye on ETH’s daily price movements.

Swiss stock exchange SIX has revealed the listing of a new Bitcoin exchange-traded product (ETP) from financial firm ETC Group. This was announced on Wednesday, 13th of January in a press release by the stock exchange.

According to the press release, the newly released product by ETC called BTCE tracks the price of Bitcoin and is 100% backed by the currency. This means that ETC group owns the underlining Bitcoin that it represents. Each unit of BTCE gives the holder a predefined amount of Bitcoin.

Investors will be able to gain access to the leading currency in a transparent and easy way.  The financial product can be bought and sold like any other stock listed on the SIX Swiss exchange.  The ETC Group is a firm that specializes in developing innovative digital asset-backed securities and has two London-based regulated brokers.

It was also revealed that BTCE will be marketed and distributed by HANetf, an independent provider of UCITS exchange-traded funds. The addition of BTCE to the Swiss exchange takes the number of ETP providers to six and ETP listed to 34.

The Swiss stock exchange is one of the worlds leading marketplaces for regulated crypto products and processed 1.1 billion CHF ($1.2 billion) worth of transactions in 2020. This is a record surpassing the last figure of 525 million CHF ($595 million) recorded in 2017.

Christine Reus head of markets at SIX Swiss exchanges believes that the addition of BTCE is a great one for the exchange. “With the new product, investors gain access to 100 different crypto products trading on our platform and with this have even more opportunities to diversify their portfolio,”

There is a recent craze for crypto exchange-traded funds. These funds correspond to index funds whose units can be sold or bought directly on the stock exchange making it easier for traditional investors to access cryptocurrencies. The recent surge of Bitcoin has led to more institutions purchasing the coin in bulk.

However, the volatile nature and lack of regulation of Bitcoin have seen some investors pull back for the fear of running afoul regulations.  ETF is a safer form of investment for these investors since it is sold within a regulated environment.

A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company is launching a cryptocurrency ETF, co-developed with Nasdaq. A Hashdex spokesperson said that the ETF has been approved by the Bermuda Stock Exchange (BSX), elaborating: As for the launch date, “We can’t confirm any dates at this moment. However, it shouldn’t take long. We need the NCI launch first,” the spokesperson emphasized, adding that “Nasdaq will reveal more details about the index methodology once it is launched as well.” At press time, little information has been revealed about this new investment product. The BSX exchange also independently announced Friday the admission of “Hashdex Nasdaq Crypto Index ETF Class E Shares” to its official listing. The method of listing, however, is “private placement,” with Hashdex Nasdaq Crypto Index ETF as the issuer. According to its listing page on the BSX website, Hashdex Nasdaq Crypto Index ETF’s “investment objective is to provide investment results that minimize the tracking difference of the performance of the Nasdaq Crypto Index … on a 12-month window.” The index is being co-developed by Hashdex and Nasdaq Inc. The latter will administer and maintain the index on an ongoing basis. The spokesperson further clarified to news.Bitcoin.com that the upcoming ETF will not be available to American investors, therefore it does not require the approval of the U.S. Securities and Exchange Commission (SEC). Currently, the U.S. SEC has not approved any bitcoin or cryptocurrency ETF. All proposed rule changes to list and trade bitcoin ETFs have been rejected so far. There are, however, several private investment products, such as Grayscale Investments’ GBTC. According to its website, the Bermuda Stock Exchange, founded in 1971, is recognized by the U.S. SEC as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the U.K. as a Designated Investment Exchange; HM Revenue & Customs in the U.K. as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds taxation rules. What do you think about this crypto investment product? Let us know in the comments section below. REGULATION | 2 days ago REGULATION | 4 days ago bermuda stock exchange, bitcoin etf, crypto etf, cryptocurrency etf, hashdex cryptocurrency etf, nasdaq crypto etf, nasdaq cryptocurrency etf Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

The Brazillian fund manager Hashdex got approval for the Bitcoin ETF. The new instrument will be launched on the Bermuda Stock Exchange (BSX) in partnership with the American stock exchange Nasdaq, setting the stage for the whole new era in the cryptocurrency trading industry.  According to the partnership agreement, the parties have collaborated to create the world’s first Bitcoin ETF or Exchange Traded Fund that will be launched on the Bermuda Stock Exchange as Hashdex Nasdaq Crypto Index ETF.  The fund will launch 3 million Class E shares, and it may go live until the end of the year; however, no further details about the long-awaited ETF are available at this stage. Commenting on the announcement, The Chief Executive Officer (CEO) of Hashdex, Marcelo Sampaio, explained that they had chosen Bermuda due to their friendly regulatory approach to the cryptocurrency industry. He also added that Nasdaq’s involvement confirms the growing institutional interest in the new type of assets.  In recent years, the various financial and cryptocurrency institutions, including Winklevoss brothers and Wilshire Phoenix and the NYSE broker Arca, filed applications for Bitcoin ETF with US Securities and Exchange Commission (SEC). The American regulator rejected all of them because the cryptocurrency market is poorly regulated and too risky at this stage.  Note: ETF, or Exchange Traded Fund, is a type of financial instrument that tracks a collection of securities, indices, or a combination of various assets. They are listed on traditional exchanges, and their shares are traded like an ordinary stock, allowing users to get exposure to individual markets and industry sectors. They involve low expense ratios and fewer broker commissions, which makes them more attractive to smaller investors.  The launch of Bitcoin-based ETH was supposed to become a significant milestone for the cryptocurrency industry, bridging the gap between digital assets and traditional finances. Many experts believed that the absence of a regulated instrument prevented large institutional investors from joining the cryptocurrency market and facilitate its mass adoption.  Bitcoin futures launched on Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) in 2018 was the first step in that direction. Many experts believe that ETFs on the cryptocurrency would become the next logical step to attract global institutional investors such as sovereign wealth funds, pension funds, and endowment funds to the crypto market. The vast majority of experts from cryptocurrency and traditional finances regard the launch of Bitcoin ETF as a significant victory and a giant leap ahead for the whole industry of digital assets.  Thus, earlier this week, former Goldman Sachs executive and fund manager Raoul Pal shared his view on the idea of Bitcoin ETF and predicted that the SEC would eventually approve it. However, Bermida’s regulator seems to be one step ahead: However, some have contrarian views. For example, Chalie Lee, the seventh-largest digital asset creator, confessed that he had been wrong about the potential impact of Bitcoin ETF. Now he believes that the launch of the financial instrument’s launch won’t become a sustainable driver for a new bullish cycle on the cryptocurrency market. Meanwhile, the cryptocurrency market reaction has been muted, to say the least. All top-10 coins are nursing significant losses on a day-to-day basis. BTC/USD is down nearly 4%, Ethereum has lost over 7%, Ripple’s XRP is 5% cheaper from this time on Monday.  BTC/USD slipped below $10,500 and returned inside the previous consolidation range that limited the price movements during the first half of September.  The pioneer digital asset may be vulnerable to further losses if it fails to regain the ground above the critical area of $10,500 in the nearest trading sessions. Read more detailed technical analysis on BTC/USD here. FX Street

Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,” said the exchange’s head of markets.

SIX Swiss Exchange, Switzerland’s principal stock exchange, announced Wednesday that its crypto trading volume hit a record high last year. The announcement details:

The Swiss Stock Exchange, the world’s leading marketplace for regulated crypto products, has registered a break of the billion barrier in trading turnover in crypto products for the first time with CHF 1.1 billion in 2020.

It adds that this volume “surpassed the record CHF 525 million from 2017 by 112%.” In addition, “the number of trades reached a new record of 48,024.”

Concurrently, the Zurich-based stock exchange also welcomed ETC Group as its new crypto exchange-traded product (ETP) issuer. “ETC Group lists a bitcoin ETP, taking the number of ETP providers to six and the number of ETPs to 34,” the exchange confirmed.

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“With the listing of the Btcetc Bitcoin ETP (Primary Ticker: BTCE) by ETC Group, the Swiss Stock Exchange is strengthening its position as [a] world leading marketplace for regulated crypto products,” the announcement notes. The newly listed product tracks the price of bitcoin and is 100% physically backed; it is trading in USD, GBP, and CHF.

Christian Reuss, Head of Markets at SIX Swiss Exchange, commented:

With the new product, investors gain access to 100 different crypto products trading on our platform and with this have even more opportunities to diversify their portfolio.

What do you think about all the crypto exchange-traded products on the Swiss stock exchange? Let us know in the comments section below.

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Hashdex, the Brazilian fund manager has said that it has received approval for launching the first Bitcoin (BTC) Exchange Traded Fund (ETF). Hashdex is launching the first Bitcoin ETF of the world on the Bermuda Stock Exchange (BSX) in a collaboration with Nasdaq. According to a report from the local news site Infomoney, the Brazilian fund manager Hashdex has entered into a partnership agreement with the American stock exchange Nasdaq. As per the partnership agreement, they have collaborated with each other to develop the first-ever Bitcoin Exchange Traded Fund of the world which will be launched on the Bermuda Stock Exchange. This Bitcoin ETF is known as Hashdex Nasdaq Crypto Index ETF. Hashdex was looking for a secure location where it could launch its Bitcoin ETF. So, it chose Bermuda because of its cryptocurrency-friendly regulations. No details regarding the launch of the Bitcoin ETF have been disclosed so far. However, according to the report, there is a chance that the fund might be available by the end of this year. Moreover, Hashdex said that Nasdaq will release the methodology as well as the other related information on the launch of the product. The Chief Executive Officer (CEO) of Hashdex Marcelo Sampaio said that the entrance of the Nasdaq stock exchange into the cryptocurrency market indicates that institutional investors take interest in cryptocurrency. Sampaio added, “This process should also speed up the entry of institutional investors in this segment. It is a trend that increasingly becomes concrete.” This is not the first attempt that has been made for launching a cryptocurrency or Bitcoin ETF. Many managers from across the entire world attempted to develop such kind of product. However, the Securities and Exchange Commission (SEC) blocked their proposals. NYSE broker Arca and the investment banking firm Wilshire Phoenix proposed a product this year but this suggestion was also rejected by the United States Agency. SEC said that currently, publicly-traded funds are not suitable because the market is not matured enough for them.

Today, the Swiss Stock Exchange (SIX) has announced that it will welcome ETC Group, a financial services company based in London, into its fold. This will be done so that ETC Group can incorporate its exchange-traded product (ETP) based on Bitcoin. This product will have its primary ticker symbol be set at BTCE. The BTCE Product will be made available in the CHF, USD, and GBP currencies, respectively.

As the official announcement stipulates, the BTCE product actively tracks Bitcoin’s price, and is completely backed by the physical assets. With ETC Group added to the fold, SIX boasts a total amount of 6 ETP providers on the exchange, offering 34 ETPs through them in the process

Christian Reuss stands as the Head of SIX Swiss Exchange, and gave comment about this recent incorporation. He openly welcomed ETC Group to SIX’s family of ETP providers, doing so through SIX offering their respective products of the providers on its platform. Reuss explained that the new product allows for SIX investors to gain access to 100 different crypto products by way of trading on the platform. Through doing so, Reuss highlighted the potential for investors to diversify their portfolios even more.

Alongside this, SIX took the time to highlight the record numbers in regard to crypto product turnover thanks to investors holding a very powerful demand for them.

Indeed, the exchange has already seen the number of crypto-related trades reach an all-time high this year, amounting to 48,024. 2020 alone saw the crypto product trading turnover reach a total of 1.1 billion CHF, crossing the 1 billion barriers for the first time

SIX gave out an official announcement celebrating this. The firm highlighted how the volumes broke past 1 billion CHF, and further highlighted how it had surpassed the previous all-time high of 525 million CHF by 110%. This previous ATH was achieved in the great crypto bull run of 2017.

Through the increase of both ETP providers and ETP products, SIX’s announcement stated that the Swiss Stock exchange had its position strengthened even more. SIX already stands as one of the leading marketplaces of the world when it comes to regulated crypto products, according to the announcement

Time will tell how successful this new integration will be, but SIX undoubtedly knows what it’s doing. Through the incorporation of crypto products, SIX aims to stay on the ball as cryptocurrencies as a whole become more and more integrated into mainstream financial products.

Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange.

According to a report from Bloomberg today, the Bitcoin ETP will go live on Switzerland’s principal stock exchange tomorrow under the ticker symbol BITC.

Each ETP will be physically backed by 0.001 Bitcoin (BTC) — worth roughly $36 at the time of publication. The custodian behind the ETP will be Komainu, the custodian established by CoinShares in partnership with Japanese bank Nomura Holdings and hardware wallet manufacturer Ledger during June 2020.

“A lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand,” said CoinShares' chief revenue officer, Frank Spiteri. “We are ready, as of January, to embrace the forthcoming demand from institutional clients.”

Thailand’s stock exchange is preparing to launch a new trading platform that would not include cryptocurrencies.

According to the Bangkok Post on Wednesday (Jan. 20, 2021) the Stock Exchange of Thailand (SET) announced plans to launch a digital assets trading platform. The upcoming platform will include different tokens except cryptocurrencies.

The Thailand bourse noted that the tokens must meet certain criteria before they would be listed on the platform. The requirements include:

“First, the token must have an underlying asset that investors can analyze on value. Second, it must be a valuable product that supports economic activities. Third, the product must have benefits to society and the environment.” 

Meanwhile, Kitti Sutthiatthasil, the SET’s executive vice-president noted that crypto assets cannot be listed on the trading platform because they do not meet the above criteria. While Kitti acknowledged that some countries were adopting crypto because of their weakening economy, the SET executive stated that cryptocurrency could also be used for money laundering.

Kitti added that with Thailand’s strong economy and stable currency, there was no imminent need for the bourse to support cryptocurrency.

Kasikorn Business Technology Group (KBTG), a branch of the Kasikornbank, will be in charge of sourcing and screening products entering the new marketplace. The KBTG has worked with the SET to develop a blockchain and digital assets investment service which seeks to join Thailand-based exchanges, ICOs, and digital wallets under one platform.

As reported by BTCManager, SET first revealed plans of its digital asset platform back in 2019. The Thailand bourse is planning to launch the new trading platform in the second half of 2021.

Meanwhile, local cryptocurrency exchange Bitkub Online temporarily shut down after receiving a notice from Thailand’s Securities and Exchange Commission (SEC) to put its platform in order. The crypto exchange experienced three outages in January alone, following a surge in demand for cryptocurrencies.

According to the report, Bitkub’s daily trading volume skyrocketed from 200-300 million baht to 1-2 billion. The inability to handle the rise in volume caused the platform’s trading system to crash multiple times. Consequently, the Thai regulator in its notice gave the crypto exchange five days to resolve a list of issues on its platform.

Thailand’s strict crypto regulatory framework, while it seeks to protect investors, has caused some exchanges to shutter their services in the country.

The Ontario Securities Commission has approved a Bitcoin exchange-traded fund, the first such fund to be listed on any North American stock exchange.

Dubbed Purpose Bitcoin ETF, the fund will be managed by Purpose Investments Inc, according to the official documents approved on Thursday. It was filed under the Multilateral Instrument Passport System in several Canadian jurisdictions.  These territories include British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest Territories, Yukon and Nunavut.

“A receipt for the prospectus is deemed to be issued by the regulator in each of those jurisdictions if the conditions of the Instrument have been satisfied,” the official document noted.

The fund is designed to track the market price of Bitcoin but will deduct the fees and expenses of the manager. The fact sheet of the fund detailed that there will be a 1 percent annual management fee along with operating costs and trading expenses, which will be determined later.

Skrill to Release Direct to Crypto Withdrawals FeatureGo to article >>

Purpose has selected Cidel Trust Company, a subsidiary of Cidel Bank Canada, as its custodian and Winklevoss brother’s Gemini as the sub-custodian.

Bitcoin ETFs are traded on stock exchanges and can be easily bought and sold similar to any other company stock. These instruments cut the technical barrier of investing in cryptocurrencies as anyone can invest in them through brokerages, without needing to worry about wallets and other stuff.

“Investors will incur customary brokerage commissions in buying or selling the ETF Units,” the prospectus stated. “The TSX ticker symbol for the ETF units, CAD ETF Non-Currency Hedged Units, and USD ETF Non-Currency Hedged Units is BTCC, BTCC.B, and BTCC.U, respectively.”

Meanwhile, the Toronto Stock Exchange lists other Bitcoin funds, but those are close-ended, meaning the units can be bought at the initial public offerings (IPOs) and reopenings.

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Over the last year, Bitcoin and other cryptocurrencies have rebounded from their lows in March to reach all-time highs in 2021. As bitcoin continues its run to $50,000 and perhaps beyond, multiple cryptocurrency-affiliated stocks have joined in on the fun. 

Riot Blockchain Inc. (RIOT), headquartered in Colorado, focuses on mining cryptos and invests in the blockchain space. This includes a 13% interest in Coinsquare Ltd., a Canadian crypto exchange. Riot Blockchain rebounded from its low of $0.51 back in March of 2020 to a high of over $47 in February 2021 — an unbelievable return of over 8,000%!

Are you thinking about buying shares in Riot Blockchain? Our beginner’s guide below will help you begin this process and launch your investing career.  

Follow these 3 basic steps to become an owner in RIOT:

As Bitcoin approaches $50,000, RIOT has expanded its crypto mining operations. The company now runs over 11,000 miners and plans to increase mining operations by year’s end.

Buying a stock like RIOT intrinsically tied to the value of bitcoin presents a risk above and beyond most other stocks. Bitcoin and other cryptocurrencies, still a relatively new space, make it more prone to volatility. While more and more companies have invested in bitcoin to start 2021, risks such as government regulation remain a constant threat.

To start, you need to select a brokerage service. Almost all brokerages have moved to a commission-free model so you can purchase shares of RIOT free of charge.

Just because brokerages tout commission-free pricing doesn’t mean that you shouldn’t compare other brokers. Define your investing goals and choose a brokerage that best suits them. You may find it helpful to choose a brokerage that offers paper trading so you can get the hang of things before putting your money on the line.

Check into any promos/perks that brokerages offer to new users. Taking advantage of these offers means you could get bonus funds to trade with or you could even tap into free stocks.

Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.

Webull is widely considered one of the best Robinhood alternatives.

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Moomoo is a commission-free mobile trading app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltd., it’s backed by venture capital affiliates of Matrix, Sequoia, and Tencent (NASDAQ: FUTU). Securities offered by Futu Inc., regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Moomoo is another great alternative for Robinhood. This is an outstanding trading platform if you want to dive deep into smart trading. It offers impressive trading tools and opportunities for both new and advanced traders, including advanced charting, pre and post-market trading, international trading, research and analysis tools, and most popular of all, free Level 2 quotes.

Get started right away by downloading Moomoo to your phone, tablet or another mobile device.

Once you open up your brokerage account and fund it, decide how you want to invest in RIOT. Consider the volatility of the asset, your overall account balance and your investing timeline.

Investing more than a small percentage of your portfolio into any one stock is always risky, especially when intrinsically tied to the cryptocurrency market. Buy shares conservatively and define where you want to take profits and where you want to cut your losses.

Now that you know how many shares of RIOT you want to purchase, you need to determine how you want to purchase them using an order type. 

Using a market order is best if you want to take a position in a company as fast as possible. This order type executes immediately at the current market price. Using a limit order is best if you want to buy into a company at a set price. 

Limit orders allow for much more controlled trading, which is especially important when trading volatile stocks such as RIOT. Market orders can result in your buy order filling at an unfavorable price, which can mean instant losses for you. 

Click or tap the “buy” button and sit back and relax as your broker fills your order. Once your order fills, the shares will appear in your brokerage account.

Riot Blockchain Inc. (RIOT) was originally founded back in 2008 as BiOptix Diagnostics, a technology/biotech company aimed at the detection of molecular interactions. In October of 2017, the company announced its investment in Coinsquare Ltd., one of Canada’s top crypto exchanges. The company also announced its plans to change its stock ticker to RIOT. After the name change, RIOT shot up more than 500% in tandem with Bitcoin’s meteoric rise in December of 2017, making a high of over $46 in December of 2017.

After Bitcoin topped out at the end of 2017 and fell back down to earth, Riot Blockchain’s stock price declined significantly. RIOT finally bottomed out at around $0.51 in March 2020, after Bitcoin and the whole market collapsed due to the COVID-19 pandemic. Following in Bitcoin’s footsteps, RIOT reached a high of over $47 on February 12. All in all, RIOT has been one of the hottest stocks of the entire market in 2021.

The cryptocurrency space can be extremely volatile, but an investment in Riot Blockchain Inc. can bring some positives such as:

While many people agree that the blockchain technology underlying bitcoin is an invaluable advance for finance, the price of bitcoin could be too inflated already.

If you’ve launched your own crusade to learn how to buy stocks, you’ve probably already noticed that some have been on fire in 2021. Shares of RIOT have exploded to an astounding 8,000+% from their March lows, likely resulting in more and more traders piling into the trade in search of a quick profit. As more and more companies announce their acceptance of bitcoin in 2021, this momentum could continue.

Note that any stock that rises this much presents an added risk. Focus on only risking a minimal amount of capital and define when you want to get out of the trade. As bitcoin continues to become more and more mainstream, RIOT could continue to make headlines in this already interesting year.

American companies have tried and failed to get a Bitcoin ETF through the US Securities and Exchange Commission.

Things are going more smoothly in Canada.

Today, regulators from the U.S.'s northern neighbor gave the green light for the Purpose Bitcoin ETF, which will be the first in mainland North America.

ETFs issue units on a continuous basis. This should help w/ the premiums these Funds/Trusts trade at vs NAV (due 2 demand for limited units) https://t.co/ijMmJTLBca

— MAGS 🟧 (@Crypto_Mags) February 12, 2021

An ETF is akin to a mutual fund in that it directly tracks a given selection of securities, but they're listed on exchanges and traded like stock.

The Purpose Bitcoin ETF will trade on the Toronto Stock Exchange using the ticker symbol BTCC.U, according to the prospectus. The fund will purchase only Bitcoin, and investors can buy in with either Canadian dollars or US dollars.

Likewise, an $180 million Bitcoin Trust landed on the Toronto Stock Exchange earlier this year. Trusts differ from ETFs because, although they both provide exposure to an asset, they are private and less liquid.

"This is great news for investors," Magdalena Gronowska, who helped with the 3iQs Bitcoin Fund launch, told Decrypt. "It allows for more options for retail and institutional investors to allocate to bitcoin, without the premium of closed end funds like Grayscale's or 3iQ's—an ETF is a vehicle that's eligible for registered accounts."

Gronowska explained that this means the ETF can be incorporated into Canada's tax-favored retirement and educational savings accounts, which are equivalent to IRAs and 529s in the US.

Other companies have filed preliminary prospectus' for Bitcoin ETFs in the past month. The Accelerate Bitcoin ETF from Accelerate Financial Technologies and the Arxnovum Bitcoin ETF from Arxnovum investments have yet to be approved.

Several US-based ETFs have been outright rejected by American securities regulators, including offerings from investment firm VanECK and financial services firm Wilshire Phoenix.

What is Bitcoin so popular? How to invest in Bitcoin? How to trade Bitcoin and which are the most powerful Bitcoin trading platforms that offer a safe crypto exchange solution?

Bitcoin is the most popular crypto-currency of the century. Millions of people worldwide regularly invest in Bitcoin, and hence, it has become a rage nowadays.  If a person wants to earn a significant return amount in crypto, they can create a crypto savings account to invest in Bitcoin.

The process of investing in Bitcoin is similar to investing money in stocks. Except that the Bitcoin investment is more volatile due to the regular swings in the value. Following are the steps to invest in stocks.

The crucial difference in investing in Bitcoin lies in the third step, wherein the user will buy Bitcoin in place of stocks. However, the process of investing in Bitcoin may also sometimes change in regards to the platforms. On some platforms, a buyer can purchase Bitcoin with a credit card or transfer funds directly from the bank account. In some other platforms, a user should transfer Bitcoin directly. This process is known as the direct deposit of Bitcoin.

When a person wishes to deposit Bitcoin directly, the exchange doesn’t allow Bitcoin to purchase through funds or credit cards. Then they can directly deposit Bitcoin from another exchange. Users can use the exchange’s wallet address, embed it into the source exchange and the Bitcoin amount, and then transfer it to the new exchange. The transaction process takes only a few minutes.

Some of the popular Bitcoin Trading Platforms in the market today

This is the top-rated and most used trading platform as a person can directly invest here with USD. One can purchase Bitcoin, Ethereum, and Litecoin crypto-currency and 30+ other coins and easy tokens. Additionally, one can earn any interest rate on the USDT or achieve token rewards by completing tasks.

This is another popular trading platform where a user can easily invest in Bitcoin. This platform ensures high security and transparency process of investing. Gemini makes it a primary focus policy to protect its customers.

This Bitcoin investment platform enables a user to lend and achieve interest in the Bitcoin holdings. Additionally, one can also borrow against their Bitcoin holdings instead of selling them.

This platform gives free crypto investing trades on their platform. However, this facility is available only in few states, including Bitcoin and Ethereum.

This Bitcoin trading platform is popular in the UK and across Europe and now has initiated trading in the United States. The platform brings a multitude of digital assets for the investors to purchase and sell. eToro also has a practice trading account wherein the users can practice trading and invest before dealing with actual funds.

This Bitcoin trading platform is different and distinctive from others. Users here basically exchange efficient currency and are subject to regularizing and paying taxes on their gains. The platform brings the best of both a crypto wallet and a trading exchange platform.

This platform is different from others in the list in the way that it enables the users to purchase Bitcoin and cryptocurrency with a credit card, debit card, an Apple Pay account, or through bank transfer. The platform supports some of the most popular tokens.

In addition to the above, some other lesser-known Bitcoin trading platforms include Hitbtc.com, Binance, and Kraken.com. Investing in Bitcoin is easy once a person gets the hang of it. It is similar to investing in stocks. The sole difference lies in investing in Bitcoin because a person has to purchase Bitcoin, initially with deposited funds, before they can trade Bitcoin.

Subscribe to the nation’s fastest-growing technology magazine to get the latest Bitcoin price updates.