Posted 2/21/2024, 5:00:00 PM
Bitcoin ETFs: Easy Access But With Tradeoffs For Crypto Investors
- Bitcoin ETFs provide easy, familiar access to bitcoin price exposure for new crypto investors
- Bitcoin ETFs allow bitcoin to be added to retirement accounts like 401Ks and IRAs
- Bitcoin ETFs reduce direct ownership benefits like diversification, ecosystem access, and tax harvesting
- Direct bitcoin ownership enables access to broader crypto assets and decentralized finance
- Self-custodying bitcoin reduces counterparty risk and censorship; Bitcoin ETFs have intermediary risk