The tide is turning in bitcoin’s favor fast as the digital asset rises above $108,000 for the first time. So are crypto ETFs a buy now?
On Monday, hints that President-elect Donald Trump may follow through on plans to create a bitcoin strategic reserve lifted bitcoin to an all-time high of 108,239. A top bitcoin ETF broke out.
But not everyone has an appetite for digital coins because they can be very volatile. Crypto exchange traded funds provide some advantages for these investors.
Trump’s favorable attitude toward cryptocurrencies is also powering a rally among these crypto ETFs.
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