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Should You Invest in Spot Bitcoin ETFs?
The iShares Bitcoin Trust (IBIT), the Fidelity Wise Origin Bitcoin Fund (FBTC), the Bitwise Bitcoin ETF Trust (BITB), the ProShares Bitcoin Strategy ETF (BITO), and the Invesco Galaxy Bitcoin ETF (BTCO) have taken in a combined $3.1 billion year to date as investors flock to the space. In a recent conversation with VettaFi, Invesco’s Kathy Kriskey said the ideal allocation to crypto is just 1% of the overall portfolio. This is such a small amount in a well-diversified portfolio that it’s hard to see any downside. The crypto exposure sits alongside other alternative investments and helps provide a diversified ... (full story)