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.
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.