What investors need to know during spot bitcoin ETF hype
01/18/2024 01:01
Spot bitcoin ETFs have seen around $803 million of net inflows in the first three trading days they've been available, with over $1 billion in outflows from Greyscale's ETF (GBTC), according to VettaFi. With all the buzz around spot bitcoin ETFs, many investors may be wondering how to allocate their portfolios to include this investment. VettaFi Financial Futurist Dave Nadig joins Yahoo Finance to discuss the current landscape of spot bitcoin ETFs and what investors should consider when investing in them. "If you're looking long-term to make an allocation, I hear this from advisers all the time — I want to put in 2, 3, 4% allocation, part of my liquid alts or real assets portfolio — the Bitwise product (BITB), it's the lowest long-term price in the market right now at 20 basis points," Nadig explains. "Bitwise has spent a lot of time courting institutional and adviser investors. Those are folks that are really making those big long-term decisions. They have done some of the biggest and best work on all the issues the SEC [Securities and Exchange Commission] had." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino.
Spot bitcoin ETFs have seen around $803 million of net inflows in the first three trading days they've been available, with over $1 billion in outflows from Greyscale's ETF (GBTC), according to VettaFi. With all the buzz around spot bitcoin ETFs, many investors may be wondering how to allocate their portfolios to include this investment.
VettaFi Financial Futurist Dave Nadig joins Yahoo Finance to discuss the current landscape of spot bitcoin ETFs and what investors should consider when investing in them.
"If you're looking long-term to make an allocation, I hear this from advisers all the time — I want to put in 2, 3, 4% allocation, part of my liquid alts or real assets portfolio — the Bitwise product (BITB), it's the lowest long-term price in the market right now at 20 basis points," Nadig explains. "Bitwise has spent a lot of time courting institutional and adviser investors. Those are folks that are really making those big long-term decisions. They have done some of the biggest and best work on all the issues the SEC [Securities and Exchange Commission] had."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino.