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I think it’s unlikely that Bitcoin ETFs will gain any traction in that space due to their underlying fundamentals. Your 401k is serious money and you should stick with serious investments instead of speculating on Bitcoin.
The new slate of Spot Bitcoin ETFs are much better since they simply hold the Bitcoin and therefore have cheap fees and will accurately reflect the underlying price over the long term. The two leading ones seem to be IBIT (Blackrock) and FBTC (Fidelity).
If someone wants to put a product together for investors to gain a exposure on multiple mining companies, then great. Let the market decide if it's successful or not. Doesn't seem profitable. These publicly traded mining companies aren’t anything new. They have been around since 2017.
1 lut 2024 · Some of the new ETFs for Bitcoin include iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF, and Invesco Galaxy Bitcoin ETF. What does the approval of Spot...
1 paź 2024 · Spot bitcoin ETFs have been making headlines lately. But ETFs that invest indirectly in bitcoin—such as ETFs that hold bitcoin futures—are not inferior.
27 lut 2022 · Recently launched Bitcoin (BTC-2.41%) mining exchange-traded fund (ETF) Valkyrie Bitcoin Miners ETF (WGMI-0.90%) is hoping to grab investor interest with its focus on renewable energy...
22 wrz 2023 · Valkyrie Bitcoin Miners ETF (WGMI), which provides exposure to the bitcoin mining industry, has gained about 117% so far this year, becoming the top-performing ETF of the first nine months...
