2024-01-25 08:00:00 ET
Summary
- Eleven spot Bitcoin ETFs were launched, but the launch marked a short-term top and was considered a flop.
- Spot ETFs are a better option for retail investors compared to closed-end funds and future ETFs.
- Factors to consider when choosing an ETF include low fees, liquidity, custodial risk, support for the crypto industry, and the availability of options.
The trading week that started on January 8 was a big week for Bitcoin (BTC-USD). After years of applications being rejected by the SEC, and one important lawsuit that the SEC lost, no fewer than eleven spot Bitcoin ETFs were launched.
On Thursday, January 11, they all began trading. But despite the pronouncements by many in the Bitcoin community that spot ETFs would launch Bitcoin northward, it appears that the launch marked at least a short-term top....
Read the full article on Seeking Alpha
For further details see:
Were The Bitcoin Spot ETFs A Big Flop?