Summary
Not long ago, the only way to gain exposure to Bitcoin was to invest in it directly. The process was arduous and required self-service in an unregulated market. But investing in Bitcoin has come a long way thanks to the January debut of spot Bitcoin ETFs. This new type of security gives investors exposure to Bitcoin without the need to buy, store, or manage it. In less than a year, investors have shown their support by collectively pouring over $65 billion into these securities. Convenience isn’t the only advantage. Bitcoin ETFs operate in regulated financial markets that provide a degree of security and transparency. They are offered by reputable asset managers, many of them household names, and the funds offer better liquidity than the underlying security. With the value of Bitcoin nearing $70,000, the ETFs have outperformed the S&P 500 since their inception. Despite the results, investors should be cautious. Like the underlying asset, Bitcoin ETFs come with volatility. The same funds that outperformed the S&P 500 on a year-to-date basis underperformed the index on a three-month and six-month basis. Should you invest in Bitcoin ETFs? While we expect the vo
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