Posted 10/30/2023, 4:01:00 PM
Research Suggests New Bitcoin ETFs Likely to Underperform Broader Market
- New spot-bitcoin ETFs likely to disappoint according to research into narrowly-defined ETFs
- Study by Mark Hulbert published on Oct. 30, 2023 found specialty ETFs underperform broad market
- Narrowly-focused ETFs lag broad stock market on risk-adjusted basis for 5 years after launch
- Highly-anticipated bitcoin ETFs fit the profile of narrowly-defined specialty ETFs
- Implication is new bitcoin ETFs will disappoint for considerable time after launch