[update] As of 17 Jan 2024, MAS has clearly stated that spot Bitcoin ETFs are not approved for retail investors in Singapore. You may no longer have access to the ETFs going forward, please check with your brokers for the latest updates!
The SEC approved the first batch of spot Bitcoin ETFs on 10 Jan 2024, marking a historical milestone for the cryptocurrency markets.
We’ve compared all 11 Bitcoin ETFs and shared the best Bitcoin ETFs you can buy as a Singaporean investor previously.
If you’re thinking of getting exposure to cryptocurrency through Bitcoin ETFs, let’s explore how:
How to invest in Bitcoin ETFs?
The spot Bitcoin ETFs are listed on selected exchanges in the US.
Singapore investors can access them just like any other exchange traded funds (ETFs), as long as your broker offers access to US stocks and ETFs.
If you’re new to ETFs, read our guide on How to buy ETFs in Singapore.
At this point, you may also be wondering:
Best broker in Singapore to buy Bitcoin ETFs
| Brokerage | Minimum Commission | Trading Fees^ | Custodian Fees | US Exchanges Available |
|---|---|---|---|---|
| moomoo | $0 | USD 0.99 | nil | NYSE, NASDAQ, BATS, and more |
| Tiger Brokers | USD 0.99 | USD 0.99/order, or up to 0.5% of trade value per order | nil | NYSE, NASDAQ, BATS, and more |
| FSMOne | $0 | 0.08% or min USD 3.80 | nil | NYSE, NASDAQ, BATS, and more |
| Interactive Brokers* | USD 1 | $0 | nil | NYSE, NASDAQ, BATS, and more |
| Standard Chartered | USD 10 | 0.25% | $0 | NYSE, NASDAQ, BATS, and more |
| Lim & Tan | USD 20 | 0.3% | nil | Only has access to NYSE, NASDAQ and AMEX exchanges |
| Phillip Securities | USD 20 USD 3.88 (for Cash Plus Account) | 0.3% USD 3.88 (for Cash Plus Account) | Waived | Only has access to NYSE, NASDAQ and AMEX exchanges |
| Maybank Kim Eng | USD 20 (USD 10 for Prefunded Account) | 0.3% (0.12% for Prefunded Account) | nil | Only has access to NYSE, NASDAQ and AMEX exchanges |
| UOB Kay Hian | USD 20 (USD 13 for Cash Upfront Account) | 0.3% (0.12% for Cash Upfront Account) | nil | Only has access to NYSE, NASDAQ and AMEX exchanges |
| OCBC Securities | USD 20 | 0.2% | nil | Only has access to NYSE, NASDAQ and AMEX exchanges |
| Citibank | USD 25 | 0.3% | 0.0165% of monthly average, charged every six months | Only has access to NYSE, NASDAQ and AMEX exchanges |
*Access on InteractiveBrokers is limited to accounts with permissions to Complex/Leverage ETFs.
I’ve shared the list of brokers in Singapore that you can use to buy Bitcoin ETFs. Here’re a few things to note:
Discount Brokers still cheapest and offer the widest range
moomoo and Tiger broker are still the cheapest in terms of trading fees.
Not all brokers have access to Cboe or BATS
If you refer to the list of Bitcoin ETFs, you’ll notice that >50% of the Bitcoin ETFs are listed on the Cboe exchange (formerly known as BATS).
However, major brokerages may not have access to the Cboe. This could reduce your options if you’re using those brokerages. Check with your broker for your options!
Can I buy bitcoin ETFs on moomoo?
Yes, you can.
You should be able to access Bitcoin ETFs via your moomoo account now:
Can I buy bitcoin ETFs on Tiger Brokers?
Yes, you should also be able to access the Bitcoin ETFs through your Tiger Brokers app:
Can I buy bitcoin ETFs on FSMOne?
If your account has access to the US markets, and you have a valid WBEN form, you should be able to trade the Bitcoin ETFs via FSMOne:
You can also get help from their support team if you are not able to access the Bitcoin ETFs.
Can I buy bitcoin ETFs on InteractiveBrokers?
Bitcoin ETFs are restricted to accounts with permissions to trade Complex or Leverage Exchange Traded Products.
You can request for access via your account settings:
However, eligibility to trade these products will be determined by Interactive Brokers. The eligibility requirements are not disclosed publicly, but it depends on your financial profile.
You can contact IB’s helpdesk or use their chatbot for more information.
Remain Cautious!
Do note that while you have access to Bitcoin ETFs in Singapore, cryptocurrency remains a risky investment vehicle.
Proceed with caution!
If you’re new to cryptocurrency, spend 2 hours with Aik Keong, our crypto mentor and learn the basics before you dive in. (This could save you from painful, expensive lessons)
Read abt the SEC approval earlier and knew immediately that mainstream investors can now invest conveniently. Started with DEFI. Also dived into earlier Futures Bitcoin etfs, ARKY, BITO & BTM.