Looking for the Best Bitcoin ETF? Hint: It's Not an ETF.

When spot Bitcoin (BTC-USD) ETFs were approved on Jan. 10, many thought it signaled a new era for Coinbase (NASDAQ:COIN), the custodian behind eight of the 11 new funds. Millions of investors could now buy cryptocurrency straight from regular trading accounts, and Coinbase’s management went so far as to proclaim that the “future of money is here.” Prices of Bitcoin rose from $25,000 to $49,000 in anticipation of the approval.But so far, the future of money hasn’t been particularly bright. Since Jan. 11, sha ...