Do You Have What It Takes to Buy the iShares Bitcoin Trust? I Don't.
Do you experience FOMO, or the fear of missing out? I do, and I'm betting you do, too. It's a risky motivator that can have you doing things you wouldn't normally consider doing, and Wall Street is a treacherous place when it comes to FOMO. One of the big investing trends today is cryptocurrency, which is why I've had my eye on the iShares Bitcoin Trust (NASDAQ: IBIT). But is this exchange-traded fund an easy way to crypto riches, or is it just too risky to bother with? I tried to clear away the FOMO and find out the answer for myself. The investment objective of the iShares Bitcoin Trust is to "reflect generally the performance of the price of Bitcoin." Its largest holding is, as you would expect given the exchange-traded fund's (ETF) name, Bitcoin. There's a little bit of cash on the ledger, too, but it isn't material. The iShares Bitcoin Trust is an easy way for people to invest in Bitcoin without having to go through the headaches of directly owning cryptocurrencies.Image source: Getty Images.Continue reading
Do you experience FOMO, or the fear of missing out? I do, and I'm betting you do, too. It's a risky motivator that can have you doing things you wouldn't normally consider doing, and Wall Street is a treacherous place when it comes to FOMO.
One of the big investing trends today is cryptocurrency, which is why I've had my eye on the iShares Bitcoin Trust (NASDAQ: IBIT). But is this exchange-traded fund an easy way to crypto riches, or is it just too risky to bother with? I tried to clear away the FOMO and find out the answer for myself.
The investment objective of the iShares Bitcoin Trust is to "reflect generally the performance of the price of Bitcoin." Its largest holding is, as you would expect given the exchange-traded fund's (ETF) name, Bitcoin. There's a little bit of cash on the ledger, too, but it isn't material. The iShares Bitcoin Trust is an easy way for people to invest in Bitcoin without having to go through the headaches of directly owning cryptocurrencies.
Image source: Getty Images.
