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Home » US approved bitcoin ETFs. Are they a good investment? – ABC News

US approved bitcoin ETFs. Are they a good investment? – ABC News

US approved bitcoin ETFs. Are they a good investment? – ABC News

Trading is set to begin for a new type of bitcoin fund that gives investors access to the crypto market without some of the hassle and fees of owning bitcoin outright.Freshly approved by federal regulators, bitcoin ETFs — Exchange-Traded Funds — allow investors to buy an asset that tracks the price movement of bitcoin.Fidelity, BlackRock and a host of other top investment firms have already begun to offer the product.Bitcoin ETFs promise major potential gains but also notable downsides, presenting investors with a wide range of outcomes that will test their tolerance for risk, analysts told ABC News.Investors could capitalize on… 

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