Got $100? This Is the Best Crypto ETF to Buy Right Now
The iShares Bitcoin Trust ETF is a simple long-term bet on the crypto market.
Overview
The cryptocurrency market warmed up last year as the Federal Reserve cut its benchmark rates, the Trump Administration adopted crypto-friendly policies, and institutional investors increased their exposure to cryptocurrency exchange-traded funds (ETFs). But this year, the crypto market cooled off as geopolitical conflicts, inflation, fears of interest rate hikes, and stalled crypto legislation drove investors toward more conservative investments.
Bitcoin (CRYPTO: BTC), the world's most valuable cryptocurrency, hit its all-time high of more than $126,000 last October. Today, it trades at about $64,000. That was a painful pullback, but it could still represent a good buying opportunity for long-term investors.
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Originally published at www.fool.com.