Bitcoin ETFs offer a 'traditional way to buy an untraditional asset,' advisor says. Here's what to know
Publishing timestamp: 2024-12-23 07:55:23
Summary
The SEC approved the first bitcoin ETFs in January, with 12 spot bitcoin ETFs collectively surpassing $100 billion in assets under management. Despite recent volatility, the price of bitcoin was up nearly 120% year to date. Experts suggest considering strategies before adding bitcoin ETFs to your portfolio, such as keeping allocation small and rebalancing regularly. Financial advisors are cautious about using bitcoin ETFs with clients, with some recommending holding for at least 10 years due to volatility.
Sentiment: MIXED
Tickers: BTC.CM=,
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Source: https://www.cnbc.com/2024/12/23/what-to-know-before-investing-in-bitcoin-etfs.html