The New Bitcoin ETFs Are a No-Brainer Way to Build Wealth, but Only If You Plan to Buy and Hold for the Long Term
It's been less than two weeks since the new spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) started trading, but they already appear to be a resounding success. In fact, at least two of the new spot Bitcoin ETFs have attracted more than $1 billion in new investor money, and assets under management of these new ETFs are growing at a rapid rate.
The big question, though, is whether investors fully intend to make these new ETFs part of a long-term buy-and-hold strategy. Initial data appears to indicate higher-than-expected trading volume in these ETFs, and that could be a signal that investors are moving rapidly in and out of them in response to the changing price of Bitcoin.
To avoid falling into the trading trap, here are three things to keep in mind.
Source Fool.com
