Assets, Bitcoin

Can I Buy Bitcoin at Ameritrade?

As of now, Ameritrade does not allow clients to buy Bitcoin directly. However, there are a few ways that investors can indirectly invest in Bitcoin through Ameritrade. The first way is to buy shares of the Bitcoin Investment Trust (OTC: GBTC). GBTC is a trust that owns and holds Bitcoin, and it trades on the OTC markets.

Ameritrade clients can buy and sell GBTC just like any other security. The second way to invest in Bitcoin through Ameritrade is to buy shares of the Ethereum Classic Investment Trust (OTC: ETCG). ETCG also trades on the OTC markets and it invests in Ethereum Classic, a cryptocurrency that is similar to Bitcoin. Again, Ameritrade clients can buy and sell ETCG just like any other security.

NOTE: WARNING: Trading Bitcoin and other digital currencies on Ameritrade is highly speculative and involves a high degree of risk. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with trading digital currencies, and seek advice from an independent financial advisor if you have any doubts.

The third way to invest in Bitcoin through Ameritrade is to trade futures contracts on the CME or CBOE exchanges. Ameritrade clients can trade both CME and CBOE futures contracts. The fourth way to invest in Bitcoin through Ameritrade is to trade Bitcoin cash futures on the Bakkt exchange.

Bakkt is a new exchange that offers physically-settled Bitcoin cash futures contracts. Ameritrade clients can trade these contracts just like any other security.

So, while Ameritrade does not currently allow clients to buy Bitcoin directly, there are still several ways that investors can indirectly invest in Bitcoin through Ameritrade.

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