Is This Cryptocurrency ETF a No-Brainer Buy?
For the first time in history, most American investors can buy and sell Bitcoin (CRYPTO: BTC) assets in their stock brokerage accounts. The emergence of exchange-traded funds (ETFs) that hold nothing but Bitcoin opens a plethora of new doors. Large-scale financial managers can trade these spot Bitcoin ETFs. They may be an option in your IRA or 401(k) retirement accounts. Many investors simply prefer a familiar ETF format over opening accounts in a separate crypto-trading service.
It's still early, less than five months after the launch of the first 11 spot Bitcoin ETFs. However, the iShares Bitcoin Trust (NASDAQ: IBIT) has emerged as an early leader with a dominant market value and torrential daily trading volume.
Is the iShares ETF a no-brainer buy for Bitcoin investors in 2024? Or should you look at other options before this market leader?
Source Fool.com
