Bitcoin ETF – How To Invest In Bitcoin and Other Cryptocurrencies

It’s been a dismal year for the economy. But one bright spot amidst the recession has been the explosion in the value of Bitcoin and other cryptocurrencies.

Since its low in April 2020, Bitcoin is up almost 800% in less than 12 months! So how can you take advantage of Bitcoin’s rise in the world economy?

What is the best and easiest way to get exposure to cryptocurrency in your portfolio? Is there a Bitcoin ETF?

Bitcoin Basics

Bitcoin was a novel concept in that it was an entirely digital peer-to-peer currency. That means that it could facilitate payments between two people instantaneously without a third party (such as a bank) in the middle.

If you’re interested in cryptocurrencies and investing in a Bitcoin ETF, make sure you understand both the benefits and the risks of this new digital asset class.  Here are some of the benefits of a Bitcoin ETF.

Benefits of a Bitcoin ETF

Investing in Bitcoin is not a streamlined process. Many investors may be interested in owning Bitcoin in their portfolio but are unwilling to open yet another account or dive into the specifics of holding Bitcoin in a wallet on their hard drive.

1. Increased Investor Adoption

Bitcoin is still in its infancy, and there is significant risk in the form of government regulations reducing its viability or outlawing it entirely.

2. Lower Compliance Risk

3. Better Storage Solutions

Having an institutional investor in the form of a Bitcoin ETF manage all of this would remove the investor’s burden and provide added security and peace of mind.

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