What to know before buying the first bitcoin ETFs. FOMO ‘is a poor investment strategy,’ expert says
Publishing timestamp: 2024-01-11 15:10:09
Summary
The U.S. Securities and Exchange Commission has approved the first U.S. spot bitcoin exchange-traded funds, including funds from BlackRock, Fidelity, Ark Invest, WisdomTree, and Grayscale. While this is seen as a positive development for bitcoin, experts caution investors to consider the risks and volatility before adding bitcoin ETFs to their portfolios. The approval has led to a brief increase in the price of bitcoin. The new ETFs provide more access to everyday investors, but it is important to carefully assess goals and risk tolerance before investing.
Sentiment: MIXED
Tickers: BLK, WT, BTC.CM=, GBTC, BITO,
Keywords: bitcoin, portfolio management, personal saving, investment strategy, bitcoin/usd coin metrics, wisdomtree inc, proshares bitcoin strategy etf, ivory johnson, cfp, personal finance, blackrock inc, financial advisors, breaking news: investing, wealth, grayscale bitcoin trust (btc), exchange-traded funds, personal investing, cryptocurrency, financial planning, business news, financial planners,