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What to know before buying the first bitcoin ETFs. FOMO ‘is a poor investment strategy,’ expert says - TL;DR CNBC

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: BLKWTBTC.CM=GBTCBITO

Keywords: bitcoinportfolio managementpersonal savinginvestment strategybitcoin/usd coin metricswisdomtree incproshares bitcoin strategy etfivory johnson cfppersonal financeblackrock incfinancial advisorsbreaking news: investingwealthgrayscale bitcoin trust (btc)exchange-traded fundspersonal investingcryptocurrencyfinancial planningbusiness newsfinancial planners

Source: https://www.cnbc.com/2024/01/11/heres-what-to-know-about-the-first-bitcoin-exchange-traded-funds.html


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